Your friend Bill Sing just got a job after graduating with a 92% average. Bill's grades were not a true reflection of his intelligence, as all he did was cheat and plagiarize throughout his classes. His true average is 29%. At Bill's new job, his boss asks to review the following financial statements for the company's client. 2019 2020 2019 2020 CURRENT ASSETS CURRENT LIABILITIES Cash $24,046 $18,255 Accounts Payable $13,184 $18,420 Accounts Receivable 12,448 25,235 Notes Payable 12,000 41,800 Inventory 25,392 50,155 Other 11,571 30,553 TOTAL Current Assets $61,886 $93,645 Total Current Liabilities 36,755 90,773 Long Term Debt $80,000 $205,000 FIXED ASSETS Net Plant & Equipment $314,695 $485,734 OWNERS EQUITY Common Stock $40,000 $40,000 Retained Earnings 219,826 243,606 TOTAL ASSETS $376,581 $679.379 TOTAL OWNERS EQUITY TOTAL Liabilities & OE 259,826 283,606 $376,581 $579,379 2020 Sales $316,919 Cost of Goods Sold 213,199 Depreciation 32,420 Earnings Before Interest & Tax $71,300 Interest Paid 19,500 Taxable Income $51,800 Taxes (40%) 20,720 Net Income $31,080 Dividends $20,500 10,580 Additions to Retained Earnings Your boss wants you to calculate the following ratios for 2020 and make a recommendation regarding the loan request Current Ratio Quick Ratio Cash Ratio Asset Turnover Inventory Turnover Times Interest Earned Receivables Turnover Total Debt Ratio Equity Multiplier Profit Margin ROA ROE 010 7117 Dased on the ratio's above which onale do von