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): 2020 2019 Assets Current Cash Accounts receivable Inventories Prepaid expenses $67,500 99,700 135,100 8,000 310,300 550,100 29,200 $889,600 $62,100 95,500 136,100 7,200 300,900 538,100 24,900 $863,900 Property, plant and equipment Long-term investments Total Assets Liabilities and Shareholders' Equity Current Bank indebtedness Accounts payable Current portion of long-term debt $73,900 85,200 1,700 160,800 286,900 61,100 39,500 548,300 $106,900 99,600 32,200 238,700 142,600 84,400 64,900 530,600 Long-term debt Deferred income taxes Bonds payable Shareholders' equity Common shares Retained earnings 225,600 115,700 341,300 $889,600 210,500 122,800 333,300 $863,900 Total Liabilities & Shareholders' Equity 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 % %