The condensed statements of Independent Auto Inc. follow: Independent Auto Inc. Income Statement ($000) For Years Ended December 31 2020 2019 2018 Net sales $ 209,300 $ 192,500 $ 167,300 Cost of goods sold 125,259 119,525 106,253 Gross profit from sales $ 84,041 $ 72,975 $ 61,047 Selling expenses $ 29,572 $ 26,590 $ 22,121 Administrative expenses 18,941 26,965 13,839 Total operating expenses $ 48,513 $ 53,555 $ 35,960 Profit before taxes $ 35,528 $ 19,420 $ 25,087 Income taxes 6,738 6,122 5,188 Profit $ 28,790 $ 13,298 $ 19,899 Independent Auto Inc. Balance Sheet ($000) December 31 2020 2019 2018 Assets Current assets $ 34,986 $ 27,597 $ 36,504 Non-strategic investments 0 560 3,129 Plant and equipment, net 65,100 69,300 42,000 Total assets $ 100,086 $ 97,457 $ 81,633 Liabilities and Equity Current liabilities $ 14,665 $ 14,497 $ 14,161 Common shares 58,800 58,800 44,100 Retained earnings 26,621 24,160 23,372 Total liabilities and equity $ 100,086 $ 97,457 $ 81,633 Required: 1. Calculate each years 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.) INDEPENDENT AUTO INC. Common-Size Comparative Income Statement (in %) For Years Ended December 31, 2020, 2019, and 2018 2020 2019 2018 Net sales Cost of goods sold Gross profit from sales Selling expenses Administrative expenses Total operating expenses Profit before taxes Income taxes Profit 3. Express the balance sheet data in trend percentages with 2018 as the base year. (Round your final percentage answers to 2 decimal places.) INDEPENDENT AUTO 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