Time Exercise 2 (10 points) The financial statements for the Company "ALPHA"for the years 2019 and 2020 are presented as follows Balance sheet 2019 & 2020 Assets 2020 2019 Liabilities & Stockholders! 2020 2019 equity Current assets Current liabilities Cash 12 10 Accounts payable 25 20 Accounts 50 45 Notes payable 5 6 receivable 5 Inventory 30 40 5 4 Accruals Total current liabilities 35 30 92 Total current assets 95 Long-term debt 55 60 Fixed assets Owners' equity 108 100 Common stocks Net Plant & equipment 100 100 10 5 Total Fixed Assets 108 100 Retained earnings Total equity Total liabilities & owner's equity 110 105 Total assets 200 195 200 195 e here to search Income statements-2020 2020 120 Sales 60 Cost of goods sold 10 Other operating expenses 5 Depreciation Earnings before interest & taxes 45 10 Interest paid Taxable income 35 Taxes 14 Net Income 21 Dividends 16.8 ia 1. Calculate the networking capital (NWC)for the years 2019 and 2020. (2 points) 2. Calculate the working capital requirements (WCR) for the years 2019 and 2020. (2 points) 3. Calculate the net liquid balance (NLB)for the years 2019 and 2020. (2 points) 4. Calculate the current liquid index (CLI) and the cash conversion efficiency (CCE) for year 2020. (2 points) 5. Looking at your own calculations, analyze the solvency and the liquidity of the Company. (2 points)