Miami Heavy Industries - 2020 and 2021 Balance Sheet Assets Current assets Cash Accounts receivable: Inventory Total Fixed assets Net plant and equipment Total assets 2020 2021 $24,046 $24.255 12,448 15,235 25,392 27,155 $61,886 $66.645 324,695 365,734 $386,581 $432,379 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Other current liabilities 11,571 15,553 Common stock and paid-in surplus Accumulate retained earnings Total 2020 Total liabilities and owners' equity 2021 $23,184 $27.420 12,000 10,800 $46,755 $53,773 $80,000 $95,000 40,000 40,000 219,826 243,606 $259,826 $283,606 $386,581 $432,379 Miami Heavy Industries - 2021 Income Statement Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes (35%) Net income Dividends $20,000 $366,996 253,122 32,220 $81,654 14,300 $67,354 23,574 $43,780 Use the above information reported by Miami Heavy Industries to calculate the following financial ratios for 2021. (Please show as much detail as possible, round all answers to 2 decimal places, and indicate the unit of measure) 1. Current ratio 2. Days' sales in inventory 3. Days' sales in receivables 4. Total asset turnover 5. Cash coverage ratio 6. Equity multiplier 7. Times interest earned ratio 8. Profit margin 9. Return on assets 10. Return on equity, calculated using the DuPont Identity. Briefly describe each component of the DuPont Identity and what aspect of firm performance it is designed to capture. Use the above information reported by Miami Heavy Industries to construct a common-sized balance sheet for 2021. (Round all numbers to 2 decimal places and indicate the unit of measure)