QUESTION 3 Calculate the following ratios for Packing Corp for Year 2 only (round to two decimals, eg. 12.34, 34.56%): Packing Corp. Comparative Balance Sheet December 31, Years 1-2 Year 1 Year 2 S 19,000 21,000 Cash Temporary investments Accounts receivable Merchandise inventory Prepaid insurance Long-term investment:s Equipment (net) Land Goodwill Total Assets 41.000 51.000 8.000 19,000 131.000 23.000 54.000 404,000 S 348.000 24,900 37,000 60.000 5.000 51,000 131.000 23.000 54,000 Current liabilities Long-term liabilities Common shares Retained earnings Total Liabilities and Equity S 62,000 34,000 150.000 158,000 404,000 s 62.000 64,000 32,000 150,000 102.000 $348.000 $ English (US)