3). Perform common-size analysis to evaluate the following statement's information Income Statement Item Previous Year % of Net Reve Current Year Net Revenue 500000 600000 Cost of Goods Sold 200000 350000 Gross Profit 300000 250000 Research and Development Expenses 50000 65000 Advertising Expenses 50000 70000 General and Administrative Expenses 20000 25000 Operating Profit 180000 90000 Interest Expenses 10000 15000 Earnings Before Taxes 170000 75000 Taxes 40000 20000 Net Income 130000 55000 % of Net Revenue Balance Sheet Item Total Assets Cash Current Year % of Total Assets 135000 15000 Inventory Prepaid Expenses 12000 1000 Accounts Receivable 22000 Total Current Assets 50000 Property, Plant, and Equipment 70000 Goodwill 5000 Intangible Assets 10000 Total Non-Current Assets X5000 Accounts Payable 5000 Salaries Payable 25000 Accrued Expenses 5000 Short-Term Debt 5000 Total Current Liabilities 40000 Long-Term Debt 15000 Pensions and Benefits 5000 Total Non-Current Liabilities 20000 Shareholder's Equity 25000 Total Liabilities and Shareholder's Equity K5000 Calculate the following ratio Short-term salvency r a Cument Ratio b. Quick Ratio Cash Ratio d. Total asset mover e. Inventory turnover f. Receivables turnover Long-term solvency rates g. Total debt ratio h. Debt-equity ratios Tees interest eamed at (EBIT Expe) Profitability Ratio 1. Profit Margin m. Rum on A n. Retum on Equity