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need the answer of this question urgently Alberta Playground Inc. produces, markets, distributes, and installs durable playground equipment. It is a new, growing playground distributor

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need the answer of this question urgently

Alberta Playground Inc. produces, markets, distributes, and installs durable playground equipment. It is a new, growing playground distributor in Canada, and is hoping to expand to other provinces shortly. Its head office is in Edmonton, Alberta, and its 2020 and 2019 balance sheets and income statements follow. Alberta Playground Inc. Balance Sheet ($000) Years Ended March 31 2020 2019 Assets Current assets Cash and cash equivalents Receivables Inventories Prepaid expenses and other assets Non-strategic investment Other current assets Total current assets Portfolio investment Property, plant, and Equipment Goodwill Trademarks and other intangibles Other assets Total assets Liabilities Current liabilities Bank loans Accounts payable and accrued liabilities Income taxes payable Current portion of long term debt Total current liabilities Non-Current Liabilities Long-term debt Other liabilities Total liabilities Equity $ 77,491 $ 54,819 460,807 367, 069 662,194 566,754 50,940 29,494 27,743 32,923 28, 242 $1,312,098 $1,046,378 41, 343 1,027, 150 1,038, 756 847,830 716,695 339,038 316,613 138, 193 93,666 $3,664,309 $3,253,451 $ 170,589 $ 61,572 573,779 471, 106 198,638 149, 377 28,199 8,639 971, 205 $ 690,694 $ 378,480 380, 790 188,983 153,369 $1,538,668 $1,224,853 $1,538,668 $1,224,853 Total liabilities Equity Common shares Retained earnings Total equity Total liabilities and equity $ 617,675 $ 584,749 1,507,966 1,443,849 $2,125,641 $2,028,598 $3,664,309 $3,253,451 Alberta Playground Inc. Income Statement ($000) Years Ended March 31 Revenues Cost of sales, selling and administrative expenses Depreciation and amortization expense Operating profit Interest on long-term debt Other expenses Earnings before income taxes Income taxes Profit 2020 2019 $6,025,470 $5,810,582 5,235,330 5,118,511 104,832 113,506 685,308 578,565 23,211 29,901 14,263 5,161 647,834 543,503 196,715 160,789 $ 451,119 $ 382,714 Assume the common shares represent 203,830 (thousand) shares issued and outstanding for the entire year ended March 31, 2020. Required: 1. Prepare a common-size balance sheet and income statement on a comparative basis for 2020 and 2019. (Round the final percentage answers to 2 decimal places.) ALBERTA PLAYGROUND INC. Common-Size Comparative Balance Sheet Required: 1. Prepare a common-size balance sheet and income statement on a comparative basis for 2020 and 2019. (Round the final percentage answers to 2 decimal places.) ALBERTA PLAYGROUND INC. Common-Size Comparative Balance Sheet As at March 31, 2020 and March 31, 2019 2020 (%) 2019 (%) Assets Current assets Cash and cash equivalents Receivables Inventories Prepaid expenses and other assets Non-strategic investment Other current assets Total current assets Portfolio investment Property, plant and equipment Goodwill Trademarks and other intangibles Other assets Total assets Liabilities Current liabilities Portfolio investment Property, plant and equipment Goodwill Trademarks and other intangibles Other assets Total assets Liabilities Current liabilities Bank loans Accounts payable and accrued liabilities Income taxes payable Current portion of long-term debt Total current liabilities Long-term debt Other liabilities Total liabilities Equity Common shares Retained earnings Total equity Total liabilities and equity 2019 (%) ALBERTA PLAYGROUND INC. Common-Size Comparative Income Statement Years ended March 31, 2020 and March 31, 2019 2020 (%) Revenues Cost of sales and selling, general and administrative Depreciation and amortization expense Operating profit Interest on long-term debt Other expenses Profit before income taxes Income taxes Profit 2. Calculate the 2020 ratios for Alberta Playground Inc. including a comparison against the industry averages. (Round the fina answers to 2 decimal places.) Ratio Current ratio 1.34 1 Total asset turnover 1.60 times % Debt ratio Equity ratio Times interest earned Favourable or Industry Average Unfavourable 1.6.1 Unfavourable 23 times Unfavourable 35 % Unfavourable 65 % Unfavourable 50 times Unfavourable 14 % Unfavourable 20 % Unfavourable % times Profit margin % Return on total assets % Earnings per share $ 1.79 Favourable

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