From the information about Valerius Corporation in Figures 22.10 and 22.11, do the following:
a. For each year calculate its current ratio and acid test ratio.
b. For each year prepare the comparative income statement in common-size percentages. (Round to the nearest tenth of a percent.)
c. Prepare a trend analysis of the balance sheet using 2020 as the base year. (Round to the nearest percent.)

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Net Sales Cost of Goods Sold Gross Profit from Sales Operating Expenses: Selling General and Administrative Total Operating Expenses Operating Income Before Taxes Income Taxes Net Income Current Assets* Plant and Equipment Total Assets VALERIUS CORPORATION COMPARATIVE INCOME STATEMENT FOR YEARS ENDED DECEMBER 31, 2022, 2021, 2020 Current Liabilities Common Stock Assets Liabilities and Stockholders' Equity Retained Earnings Total Liabilities and Stockholders' Equity 2022 $ 4500000 2000000 $ 2500000 *2022 Inventory, $500; 2021, $310; 2020, $580. $ 350 000 350000 $ 700 000 $ 1800 000 VALERIUS CORPORATION COMPARATIVE BALANCE SHEET FOR YEARS ENDED DECEMBER 31, 2022, 2021, 2020 1710000 $ 1730000 2021 2020 $ 500 00 00 1960000 $ 25|0|0|0|00 1900 000 $30 40000 $ 600000 $ 150000 $ 300000 100000 250000 $ 250 000 $ 550000 $ 2790 000 $ 500 00 20000 $2770000 $ 30000 20000 2022 2021 2020 $ 230000 $ 220000 $S 320000 800000 700000 890000 $ 1030000 5 920000 $12 100000 $ 130000 $ 100 000 $ 1|2|0|0|00 630000 580000 590000 270000 240000 500000 $ 1030000 $ 920000 $ 1210000