MARIA COMPANY Condensed Statement of Financial Position December 31, 2019 (In thousands) P ASSETS Cash Non-Cash Current Fixed Assets 500 2,000 2,500 LIABILITIES AND EQUITY Current Liabilities P Long-term Debts Capital Stock Retained Earnings TOTAL LIAB. & SHE P 500 1,000 1,500 2,000 TOTAL ASSETS P 5,000 5,000 For 2018: Net sales P 1,600; COGS P 1,000; Operating expenses P 300; Interests and tax charges P 200. For 2019: Net sales P 2,000; COGS P 1,300; Operating expenses P 300; Interests and tax charges P 220 a. current ratio Required: 1. Prepare the 2019 common-size balance sheet (vertical analysis) and determine the following: b. debt ratio; anal c. equity ratio 2. Prepare the 2019 common-size income statement and determine the following: a. gross profit margin b. operating profit margin net profit margin 3. Compute the trend percentages using the horizontal analysis for the following: a. Net sale b. EBIT C. Net income