Comparative financial statement data of Teague Optical Mart follow. E (Click on the icon to view the income statements.) (Click on the icon to view the balance sheets.) Other information: 1. Market price of Teague common shares: $98.90 at December 31, 2020; and $91.80 at December 31, 2019 2. Average common shares outstanding: 20,000 during 2020 and 15,000 during 2019 3. All sales on credit Requirements Requirement 1. Compute the ratios for 2020 and 2019. (Abbreviations used: Avg. = average and ols = outstanding, shs - shares.) a. Current ratio Seleci the formula, and then enter the arounits to calculate the current ratio for 2020 and 2019. (Round the ratios to two decimal places, X.XX.) Current ratio 2020 ! Balance sheets 2019 Teague Optical Mart Comparative Balance Sheet December 31, 2020, and 2019 Income statements 2020 2019 2018 Teague Optical Mart Comparative Income Statement Years Ended December 31, 2020 and 2019 Current assets: Cash Current receivables, nol Inventories Prepaid expenses Total current assets $ 45,000 $ 49,000 215,000 157,000S 195,000 295,000 280,000 183,000 4,300 24,000 2020 2019 Net sales $ 682,000 $ 370,000 599,000 279,000 Property, plant, and equipment, net 559,300 510.000 267,000 278.000 $ 846,300 $ 780,000 Cost of goods sold Gross profit Total assets 702,000 312,000 128,000 320,000 143,000 Operating expenses Income from operations Accounts payable 117,000 184,000 34,000 177,000 43,000 160,000 138,000 94.000 191.000 Other current liabilities Total current liabilities Interest expenso Income before income tax Income tax expense 150,000 36,000 134,000 53,000 $ 298,000 $285.000 238,000 235,000 Long-term liabilities Total liabilities $ 114,000 $ 81,000 Nel income Common shareholders' equity, no par 536,000 520.000l 310,300 268,000 $ 846,300 $ 788,000 202,000 Total liabilities and shareholders' equity Selected 2018 amounts. Print Done Print Done Help me solve this Calculator ack