Please show how you do it clearly. Thanks.

2:41 ... QUESTION 1 2018 Intelligent Toys Corporation engages in wholesaling and retailing of children toys and books in Hong Kong Condensed statements of financial position and income statements for Intelligent Toys Corporation are as follows: INTELLIGENT TOYS CORPORATION STATEMENT OF FINANCIAL POSITION AS AT DECEMBER 31 All answers round up to two decimal places, eg 54.544 input as 54.54, 2019 2015 2017 54.545 input as 54. 55, 12 699 input as 12.70, 12.1 input as 12.10 $ S $ 2019 Plant and equipment (net) 760,000 700,000 640,000 Intangible Assets 480,000 430,000 412,000 a) Acid Test Ratio times Short Term Investments 143,000 110,000 110,000 b)inventory Turnover times Prepaid Insurance less than 12 months) 6,000 4,500 5,000 c)Asset Turnover times Inventory 152,000 122,000 120,000 d) Dividend Payout Radio Accounts receivables (net) 58,000 80,000 67,000 eTime interest earned ratio times och 113,000 110 500 100,000 t) Debt to total assets ratio 1.712,000 1,557,000 1,454,000 ) By using horizontal analysis, there is increase of net sales by times 96 times 35 56 from 2018 to 2019 Accounts Payable 92,000 110,000 150,000 for the following questions, please state year 2019 or 2018 Salaries Payable and other current liabilities 22,000 22,000 24,000 Long-term debt (due in five years) 181,000 115,000 130,000 The company had a shorter average days to sell inventory period in year Ordinary shares, $10 par 400,000 400,000 The company used assets more efficiently to generate business (sales revenue) in year 360,000 Retained earnings 1,017,000 910,000 790,000 The company retained higher of net income for expansion by tightening dividend payout policy in year 1,712,000 1,557,000 1,454,000 The company used more equity to finance assets in year The company had a stronger ability to meet interest payments in year The company had a better position to pay off the short term liabilities in year INTELLIGENT TOYS CORPORATION By using vertical analysis, the company had better control of the operating expenses in year INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31 2019 2018 S Gross Sales 930,000 912,000 Less: Sales allowances 10,000 16,000 Net sales 920,000 896,000 Less: Cost of goods sold 468,000 450,000 Gross profit 452,000 446,000 Operating expenses 190,000 192.000 Les Interest expense 26,000 18,000 Les Income tax 25,000 24,000 Net income 211,000 212,000 Beginning RE Dividend Ending RE 910,000 790,000 104,000 92.000 1,017,000 910,000