Question 3 (10 points) The following is selected information for Chopper Inc: 2021 400,000 2020 400,000 Weighted average number of common shares Share price Non-current liabilities Current liabilities Non-current assets Current assets Income tax expense Interest expense Operating expenses Service revenue $5.00 $380,000 $150,000 $1,200,000 $360,000 $20,000 $12,000 $780,000 $900,000 $12.00 $400,000 $600,000 $1,600,000 $1,400,000 $130,000 $20,000 $1,358,000 $1,780,000 Part 1. In the space provided below, calculate the following ratios for both 2021 and 2020: Working capital, current ratio and debt to total assets, Part 2. Based on your calculations in part 1, comment on the liquidity of Chopper Inc. Part 3. Based on your calculations in part 1, comment on the solvency of Chopper Paragraph U . + V Part 1 Part 2