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1. Prepare the 2021 common-size balance sheet. Express each item as a percentage of total assets.

2. Prepare the 2021 common-base balance sheet. Use 2020 as the base year.

3. Identify the sources and uses of cash (from the balance sheet) and confirm the change in cash is $3,452. Find the following ratios.

4. Short-term solvency ratios:

i. Current Ratio ii. Quick Ratio iii. Cash Ratio

Below is the balance sheet for 2020 and 2021 and the income statement for 2021 for some company. Use the information to answer the questions below. \begin{tabular}{lcc} B. Income Statement - 2021 & & \\ \hline Sales & & \\ COGS & $506,454 & \\ EBITDA & & $359,328 \\ Depreciation/Amortization & & $44,463 \\ EBIT & $102,663 & \\ Interest Expense & & $19,683 \\ Taxable Income & $82,980 & \\ Taxes (25\%) & & $20,745 \\ Net Income & $62,235 & \\ & & \\ Dividends & $25,000 & \\ Retained Earnings & $37,235 & \\ \hline \end{tabular}