Question 10 of 20 -/7 View Policies Current Attempt in Progress Sundry Ltd. is a thriving company. The Board of Directors wants to declare a cash dividend. The balance sheet of Sundry Ltd. is as follows (in thousands of dollars): Assets 2020 2019 Current Cash $67,900 $62,400 Accounts receivable 98,600 96,000 Inventories 137,400 134,500 Prepaid expenses 8,100 7,200 312,000 300,100 Property, plant and equipment 540,600 541,700 Long-term investments 29,100 24,600 Total Assets $881,700 $866,400 Liabilities and Shareholders' Equity Current Bank indebtedness $74,700 $107,500 Accounts payable 85,300 100,400 Current portion of long-term debt 1,700 32,200 161,700 240,100 Long-term debt 286,400 143,000 Deferred income taxes 60,700 84,200 Bonds payable 39,300 64,600 548,100 531,900 Shareholders' equity Common shares 216,900 210,500 Retained earnings 116,700 124,000 333,600 334,500 Total Liabilities & Shareholders' Equity $881,700 $866,400 Calculate the current ratio for 2019 and 2020. (Round answers to 1 decimal place, e.g. 15.2.) 2020 2019 Current Ratio Calculate the quick ratio for 2019 and 2020. (Round answers to 1 decimal place, e.g. 15.2.) 2020 2019 Quick Ratio As of the date of preparation of the statement of financial position, no dividends had been declared. Did Sundry Ltd. report net earnings or a net loss in 2020? Explain. Sundery reported of $ because balance in Calculate the net debt as a percentage of total capitalization ratio for Sundry Ltd. in 2019 and 2020. (Round answers to 0 decimal places, e.g. 15%.) 2020 2019 Net Debt as a Percentage of Total Capitalization % %