The financial statements of Remco Distributors Inc. appear below: REMCO DISTRIUTORS ING. Income Stctement Year Ended December 31, 2020 Additional information for 2020: 1. Cash dividends of $45,000 were declared and paid. 2. Average number of common shares was 60,000 shares. 3. Market value of common shares on December 31 was $20 per share. 4. All sales and purchases are on account. Required: Using the financial statements and the additional information, calculate the following ratios for 2020: Use averages in relevant formuas and show supporting calculations in the workspace below for partial marks