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 $68,700 $62,100 Accounts receivable 99,000 95,600 Inventories 134,100 133,800 Prepaid expenses 8,000 7,200 309,800 298,700 Property, plant and equipment 549,800 543,100 Long-term investments 28,500 25,000 Total Assets $888,100 $866,800 Liabilities and Shareholders' Equity Current Bank indebtedness $73,500 $107,200 Accounts payable 84,500 99,700 Current portion of long-term debt 1,700 32,100 159,700 239,000 Long-term debt 286,600 142,300 Deferred income taxes 60,800 85,100 Bonds payable 39,600 64,800 546,700 531,200 Shareholders' equity Common shares 222,800 211,300 Retained earnings 118,600 124,300 341,400 335,600 Total Liabilities & Shareholders' Equity $888,100 $866,800 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 % %