Condensed balance sheet and income statement data for Clack Ltd. follow:

CLACK LTD.
Balance Sheet
December 31
	2020	2019
Assets
Current Assets:
Cash	$70,000	$65,000
Accounts receivable (net)	91,000	86,000
Inventory	133,000	123,000
Prepaid expenses	24,000	23,000
Total current assets	318,000	297,000
Long-term assets
Long-term investments	45,000	40,000
Property, plant, and equipment (net)	390,000	305,000
Total long-term assets	435,000	345,000
Total Assets	$753,000	$642,000
Liabilities and Shareholders' Equity
Liabilities
Current Liabilities
Accounts Payable	$46,000	$41,000
Accrued Liabilities	30,000	40,000
Bank loan payment (current)	110,000	100,000
Total current liabilities	186,000	181,000
Long-term liabilities
Bonds Payable, due 2025	200,000	150,000
Total liabilities	386,000	331,000
Shareholders' Equity
Common shares (20,000 shares issued)	200,000	200,000
Retained earnings	167,000	111,000
Total shareholders' equity	367,000	311,000
Total liabilities and shareholders' equity	$753,000	$642,000

CLACK LTD.
Income Statement
Year Ended December 31
	2020	2019
Sales	$900,000	$840,000
Cost of goods sold	617,000	667,000
Gross profit	283,000	173,000
Operating expenses	187,000	160,000
Income from operations	96,000	13,000
Interest expense	31,000	23,000
Income before income tax	65,000	-10,000
Income tax expense	22,000	20,000
Income after tax	$43,000	$-30,000

Additional Information:

1. Accounts receivable at the beginning of 2019 were $83,000, net of an allowance for doubtful accounts of $3,000.
2. Inventory at the beginning of 2019 was $114,000.
3. Total assets at the beginning of 2019 were $638,000.
4. Total current liabilities at the beginning of 2019 were $180,000.
5. Total liabilities at the beginning of 2019 were $371,000.
6. Shareholders equity at the beginning of 2019 was $259,000.
7. 62 percent of the sales were on account.

Required:

Calculate the following ratios (keep at least 2 decimal places) and evaluate the results (Enter "1" if liquidity/solvency/profitability has improved, enter "-1" if liquidity/solvency/profitability has deteriorated, and enter "0" if liquidity/solvency/profitability the same.

	Liquidity Ratios:	2020	2019	Evaluate The Results
Example	1. Current Ratio	1.70968	1.64088	1
	2. Receivable Turnover Ratio	Blank 1. Calculate the answer by read surrounding text.	Blank 2. Calculate the answer by read surrounding text.	Blank 3. Calculate the answer by read surrounding text.
	3. Inventory Turnover Ratio	Blank 4. Calculate the answer by read surrounding text.	Blank 5. Calculate the answer by read surrounding text.	Blank 6. Calculate the answer by read surrounding text.
	Solvency Ratios:
	1. Debt to Assets	Blank 7. Calculate the answer by read surrounding text. %	Blank 8. Calculate the answer by read surrounding text. %	Blank 9. Calculate the answer by read surrounding text.
	2. Times Interest Earned	Blank 10. Calculate the answer by read surrounding text.	Blank 11. Calculate the answer by read surrounding text.	Blank 12. Calculate the answer by read surrounding text.
	Profitability Ratios:
	1. Gross Profit Margin Ratio	Blank 13. Calculate the answer by read surrounding text. %	Blank 14. Calculate the answer by read surrounding text. %	Blank 15. Calculate the answer by read surrounding text.
	2. Earnings Per Share