Use the following condensed statements to calculate the ratios in the table below.

a) Create and complete a table like this one.

b) Examining the ratios that you have just calculated, provide an analysis of the liquidity and borrowing capacity of the company, along with its profitability.

Carmichael and Sons Limited Condensed Balance Sheet As at December 31,20= Assets Current Assets Liabilities and Owner's Equity Owner's Equity Total Liabilities and Owner's $22150001315000 Equity Carmichael and Sons Limited Condensed Income Statement For the year ended December 31, 20 (in thousands of dollars) \begin{tabular}{|l|lr|} \hline Net Sales & $ & 1375 \\ \hline Cost of Goods Sold & 988 \\ \hline Gross Profit & & 387 \\ \hline Operating Expenses & $ & 118 \\ \hline Net Income or (Net Loss) & $ & 269 \\ \hline \end{tabular} Working Capital Current Ratio Quick Ratio Debt Ratio Equity Ratio Debt to Equity Ratio Gross Profit Margin Return on Assets