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Homepage COMM-70 x Sabotaging my friends Homepage ACCE theducation.com/maidech.con_benchull2 Assignment The condensed statements of Independent Auto Inc Follow Independent Auto The State (1000) Yes Ended Decer 31 2020 2010 301 et les $210,400 $193,600 $160,400 Cost of goods sold 12645 119.500 106.52 Gross profit from sales 5 34.566171.963.072 Sellip $ 29,732 $ 26,25 322,256 Ministrative expenses 27.023 13:49 Total operating 52428 $39.010S16215 Profit before taxe 5.36,07 $19.970 $25.657 Inco 5.90 5.282 15.15 Profit $ 13,665 320,284 Tidendent Auto Balance Sheet (10) December 31 20 2010 ASELS Current $ 15,5 528,163 137.es: Montre les trents 670 3,404 blant and quiet, het 36,200 20.400 3.100 Total assets 11,736 $99,217 583.55 Latities and quity Current liabilities 14. 134,272 514.46 Connonths 59, . 45,200 Need 20.145 23.922 Yotal abilities and culty $100,7 5. Required: 1. Calculate each year's current Round the final answers to 1 decimal place 101 December 200 Dec 2015 31. 2018 O O BI 1 December 31, 2018 2 Express the income statement data in common-size percentages (Round your final percentage answers to 2 decimal places) BEPENDENT MIC Stiven Start Forsche 31,270,2012 2011 2011 2018 Netsas Cost of possold Gesprokrom sales Seting Administrative Total penting Pribor Inco Pro Profit BON rences 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 Sheen December 31, 2000, 2013 and 2018 2020 2015 2010 Assets Currents Norge Plandant Tools Liabilities and Cunun Camon shares Retina Total The condensed statements of Independent Auto Inc. follow: Independent Auto Inc. Income Statement ($900) For Years Ended December 31 2020 Net sales $210,400 Cost of goods sold 125,534 Gross profit from sales $ 84,866 Selling expenses $ 29,737 Administrative expenses 19,051 Total operating expenses $ 48,788 Profit before taxes $ 36,078 Income taxes 6,903 Profit $ 29,175 2019 $193,600 119,800 $ 73,800 $ 26,755 27,075 $ 53,830 $ 19,970 6,287 $ 13,683 2018 $168,400 106,528 $ 61,872 $ 22,286 13,949 $ 36,235 $ 25,637 5,353 $ 20,284 2019 2018 Independent Auto Inc. Balance Sheet (5000) December 31 2020 Assets Current assets $ 35,536 Non-strategic investments Plant and equipment, net 66,200 Total assets $101,736 Liabilities and Equity Current liabilities $ 14,940 Common shares 59,900 Retained earnings 26, 896 Total liabilities and equity $101,736 $28,147 670 70,400 $99,217 $37,054 3,404 43, 100 $83,558 $14,772 59,900 24,545 $99,217 $14,436 45, 2ee 23.922 $83,558 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 The condensed statements of Independent Auto Inc. follow: Independent Auto Inc. Income Statement ($900) For Years Ended December 31 2020 2019 Net sales $210,400 $193,600 Cost of goods sold 125,534 119,800 Gross profit from sales $ 84,866 $ 73,800 Selling expenses $ 29,737 $ 26,755 Administrative expenses 19,051 27,075 Total operating expenses $ 48,788 $ 53,830 Profit before taxes $ 36,078 $ 19,970 Income taxes 6,903 6,287 Profit $ 29,175 $ 13,683 2018 $168,400 106,528 $ 61,872 $ 22,286 13,949 $36,235 $ 25,637 5,353 $ 20,284 2019 2018 Independent Auto Inc. Balance Sheet (5000) December 31 2020 Assets Current assets $ 35,536 Non-strategic investments plant and equipment, net 66, 200 Total assets $191,736 Liabilities and Equity Current liabilities $ 14,940 Common shares 59,900 Retained earnings 26.896 Total liabilities and equity $191,736 $28,147 670 70,400 $99,217 $37,054 3,484 43,180 $83,558 $14,772 59,900 24,545 $99,217 $14,436 45,200 23,922 $83,558 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