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): Assets 2020 2019 Current Cash $67,200 $62,600 Accounts receivable 97,500 96,400 Inventories 135,900 134,900 Prepaid expenses 8,000 7,200 308,600 301,100 542,400 536,800 Property, plant and equipment Long-term investments 28,600 24,600 Total Assets $879,600 $862,500 Liabilities and Shareholders' Equity Current $74.100 $107,500 Bank indebtedness Accounts payable Current portion of long-term debt 84,100 100,700 1,700 32,700 159,900 240,900 Long-term debt 287,400 143,400 60.100 84,100 Deferred income taxes Bonds payable 39,900 64.400 547,300 532,800 Shareholders' equity Common shares 214,300 210,400 Retained earnings 118,000 119,300 332,300 329,700 Total Liabilities & Shareholders' Equity $879,600 $862,500 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 decimal places, e.g. 15%.) 2020 2019 Net Debt as a Percentage of Total Capitalization % % %