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Refine Cash Balance and Consider Capital Structure Consider the following actual FY2019 data and a forecast of FY2020 selected balance sheet and income statement numbers.

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Refine Cash Balance and Consider Capital Structure Consider the following actual FY2019 data and a forecast of FY2020 selected balance sheet and income statement numbers. a. Calculate the company's normal cash level as a percentage of sales. Round answer to one decimal place (ex: 0.2345=23.5%) % level. If the adjustment is a decrease, use a negative sign with your answer. Round answer to the nearest whole number, if applicable. $ c. Compute the liabilities-to-equity ratio for both years. Round answers to two decimal places. c. Compute the liabilities-to-equity ratio for both years. Round answers to two decimal places. d. Adjust marketable securities so the forecasted cash balance is at its normal level. What affect does this have on the forecasted liabilities-to-equity ratio? e. Adjust long-term debt so the forecasted cash balance is at its normal level. What effect does this have on the forecasted liabilities-to-equity ratio? f. Adjust treasury stock so the forecasted cash balance is at its normal level. What effect does this have on the forecasted liabilities-to-equity ratio? If Analysis" in Excel to determine the proportion of long-term debt versus treasury stock needed to ensure the forecasted liabilities-to-equity ratio remains at its historical level. For parts d through h, complete the table below. - Do not use any negative signs with your answers. - Round liabilities to equity ratios to two decimal places

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