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The condensed statements of Independent Auto Inc. follow: Required: 1. Calculate each year's current ratio. (Round the final answers to 1 decimal place.) 2. Express
The condensed statements of Independent Auto Inc. follow: 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 2018 as the base year. (Round your final percentage answers to 2 decimal places.) The condensed statements of Independent Auto Inc. follow: 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 2018 as the base year. (Round your final percentage answers to 2 decimal places.)
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