Relin Ltd. Comparative Statement of Financial Position December 31, 2019 and 2020 Assets 2020 2019 Plant Assets (Net) $360,180 $312,180 Intangible Assets $34,520 $28,340 Inventory $66,570 $69,300 Accounts Receivable (net) $63,450 $61,680 Short-term Investments $41,400 $30,000 Cash $36,060 $38,520 TOTAL ASSETS $602,180 $540,020 Equity and Liabilities Share Capital - Ordinary ($5 par) $180,000 $180,000 Retained Earnings $145,560 $99,240 TOTAL EQUITY $325,560 $279,240 Liabilities Bonds Payable $120,000 $120,000 Notes Payable (short-term) $30,000 $23,540 Salaries and Wages Payable $30,120 $27.500 Accounts Payable $96,500 $89,740 TOTAL LIABILITIES $276,620 $260,780 TOTAL EQUITY AND LIABILITIES $602,180 $540,020 Relin Ltd. Comparative Income Statement For the Year Ended December 31, 2019 and 2020 2020 2019 Net Sales (all on account) $1,091,100 $1,050,300 Cost of Goods Sold $606,900 $597,600 Gross Profit $484.200 $452,700 Selling and Administrative Expenses $309,600 $287,400 Incoine from Operations $174,600 $165,300 Interest Expense $9,000 $8,400 Income Before Income Tax $165,600 $156,900 Income Tax Expense (30%) $50,400 $46,200 Net Income $115,200 $110,700 Compute the following ratios for 2020. Show complete computations! a. Current Ratio g. Return on Assets (ROA) b. Acid-Test (Quick) Ratio h. Return on Ordinary Shareholders' Equity c. Accounts Receivable Tumover i. Earnings per Share (EPS) d. Average Collection Period j. Times Interest Earned e Inventory Turnover k. Debt to Assets Ratio f. Asset Turnover