The condensed financial statements of Cadia Inc. follow: Cadia Inc. Income Statement ($000) For Years Ended December 31 2020 Net sales $208,800 Cost of goods sold 125,134 Gross profit from sales $ 83,666 Selling expenses $ 29,497 Administrative expenses 18,891 Total operating expenses $ 48,388 Profit before taxes $ 35,278 Income taxes 6,663 Profit $ 28,615 2019 $192,000 119,400 $ 72,600 $ 26,515 26,915 $ 53,430 $ 19,170 6,047 $ 13,123 2018 $166,800 106,128 $ 60,672 $ 22,046 13,789 $ 35,835 $ 24,837 5,113 $ 19,724 2019 2018 Cadia Inc. Balance Sheet ($000) December 31 2020 Assets Current assets $34,736 Non-strategic investments 0 Plant and equipment, net 64,600 Total assets $99,336 Liabilities and Equity Current liabilities $14,540 Common shares 58,300 Retained earnings 26,496 Total liabilities and equity $99,336 $27,347 510 68,800 $96,657 $36, 254 3, 004 41,500 $80,758 n $14,372 58,300 23,989 $96,657 $14,036 43, 6.00 23, 122 $80,758 Required: 1. Calculate each year's current ratio. (Round the final answers to 1 decimal place.) Required: 1. Calculate each year's current ratio. (Round the final answers to 1 decimal place.) Current ratios to 1 December 31, 2020 December 31, 2019 December 31, 2018 to 1 to 1 2. Express the income statement data in common-size percentages. (Round your final percentage answers to 2 decimal places.) CADIA INC. Common-Size Comparative Income Statement (in %) For Years Ended December 31, 2020, 2019, and 2018 2020 2019 2018 ho Net sales Cost of goods sold Gross profit from sales Selling expenses Administrative expenses Total operating expenses Profit before taxes Income taxes 3. Express the balance sheet data in trend percentages with 2018 as the base year. (Round your final percentage answers to 2 decimal places.) CADIA INC. Balance Sheet Data in Trend Percentages (in %) December 31, 2020, 2019, and 2018 2020 2019 2018 Assets Current assets Non-strategic investments Plant and equipment, net Total assets Liabilities and Equity Current liabilities Common shares Retained earnings Total liabilities and equity