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 $67,600 $62,400 98,100 96,000 136,800 134,500 8,000 7.200 310,500 300, 100 545,800 543,400 28,900 24,700 $885,200 $868.200 Property, plant and equipment Long-term investments Total Assets Liabilities and Shareholders' Equity Current Bank indebtedness Accounts payable Current portion of long-term debt $107.700 $74,600 84,600 99.700 32,700 1.700 240.100 144.500 Long-term debt Deferred income taxes Bonds payable 160,900 290.800 60,500 39,000 551,200 83,700 65.200 533,500 Shareholders' equity Common shares Retained earnings 213,800 209,100 120.200 125.600 334,000 334,700 Total Liabilities & Shareholders' Equity $885.200 $868,200 Calculate the current ratio for 2019 and 2020. (Round answers to 1 decimal place, eg 15.2.) 2020 2019 Current Ratio Calculate the quick ratio for 2019 and 2020. (Round answers to 1 decimal place, eg. 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 decimal places, eg. 15%) 2020 2019 Net Debt as a Percentage of Total Capitalization % %