Taxes 5,712 Net Income $21,488 1. What was the common size ratio for COGS for 2020? (State in percent and round your answer to 2 decimal places.) percent 2. What was the Quick Ratio for 2020? (Round your answer to 2 decimal places.) 3. What was the Debt-Equity Ratio for 2020? (Round your answer to 2 decimal places.) 4. How long, on average, did a unit of inventory sit on the shelf before it was sold for 2020? (Use average inventory. Do not round intermediate calculations. Round your answer to integer.) days 5. What was the company's profit margin for 2020? (State in percent and round your answer to 2 decimal places percent Next p points. Balance Sheet 2019 2020 2019 2020 Cash $21,100 $22,300 Accounts payable $13,800 $12,100 Accounts receivable 13,500 8,300 Long-term debt 76,500 87,600 Inventory 58,600 56,100 Common stock 56,800 59,000 Net fixed assets Retained earnings 29,300 20,800 83,200 92,800 $176,400 $179,500 Total assets Total liabilities and equity $176,400 $179,500 Income Statement Net Sales $159,000 Costs 121,400 Depreciation 8,300 EBIT 29,300 Interest 2,100 Taxable income 27,200 Taxes 5,712 Net Income $21,488