QUESTION #5 - Financial Statement Analysis - 5 marks (suggested time: 9 minutes) Indigo Books & Music Inc. reported the following selected information for the years ended March 31, 2018 and April 1, 2017 (all amounts in thousands of dollars): Total current assets Total assets Total current liabilities Total liabilities Total revenue Net earnings 2018 $487,152 633,574 230,149 232,477 $1,079,425 $21,800 2017 $482,471 609,602 234,329 236,758 $1,019,845 $20,918 1. Write out the basic accounting equation in dollars as at the 2018 year-end. 2. What is the total amount of assets expected to be converted to cash, sold, or consumed during the next 12 months (between April 1, 2018 and March 31, 2019)? 3. By what percentage (%) did the company's sales increase for year ended March 31, 2018 (as compared to the prior year)? Show your work and round to 2 decimal places. 4. What percentage of the company's assets is financed by debt as at April 1, 2017? Show your work and round your answer to 2 decimal places. 5. What percentage of the company's assets is financed by its shareholders (owners) as at March 31, 2018? Show your work and round your answer to 2 decimal places