The condensed statements of Independent Auto Inc. follow:

Independent Auto Inc.

Income Statement ($000)For Years Ended December 31 

1. 
   
2.                                                2023            2022              2021
3. 
   
4. Net sales                          $209,800       $193,000       $167,800 
5. 
   
6. Cost of goods sold            125,384        119,650           106,378 
7. 
   
8. Gross profit from sales   $84,416         $73,350           $61,422 
9. 
   
10. Selling expenses               $29,647           $26,665           $22,196 
11. 
    
12. Administrative expenses  18,991              27,015            13,889 
13. 
    
14. Total operating expenses $48,638           $53,680          $36,085 
15. 
    
16. Profit before taxes               $35,778            $19,670        $25,337 
17. 
    
18. Income taxes                         6,813                  6,197              5,263 
19. 
    
20. Profit                                      $28,965                 $13,473          $20,074

Independent Auto Inc. Balance Sheet ($000)December 31

1. 
   
2.                                           2023            2022                      2021
3. 
   
4. Assets 
5. 
   
6. Current assets               $35,236            $27,847           $36,754 
7. 
   
8. Non-strategic investments 0                      610                   3,254 
9. 
   
10. Plant and equipment, net  65,600             69,800               42,500 
11. 
    
12. Total assets                            $100,836           $98,257          $82,508
13. 
    
14. Liabilities and Equity 
15. 
    
16. Current liabilities                   $14,790                $14,622          $14,286 
17. 
    
18. Common shares                     59,300                   59,300             44,600 
19. 
    
20. Retained earnings                    26,746                  24,335               23,622 
21. 
    
22. Total liabilities and equity      $100,836                  $98,257            $82,508
23. 
    
24. Required:
    1. Calculate each year’s current ratio. (Round the final answers to 1 decimal place.)
    2. Express the income statement data in common-size percentages. (Round your final percentage answers to 2 decimal places.)
    3. Express the balance sheet data in trend percentages with 2021 as the base year. (Round your final percentage answers to 2 decimal places.)