Required:

Calculate each year's current ratio. $($Round the final answers to $1$ decimal place.$)$

Required:

Calculate each year's current ratio. $($Round the final answers to $1$ decimal place.$)$

$\backslash$table$[[,$Current ratios,$],[$December $31,2023,2\mathrm{.}4,$to $1],[$December $31,2022,1\mathrm{.}9,$to $1],[$December $31,2021,2\mathrm{.}6,$to $1]]$

Express the income statement data in common$-$size percentages. $($Round your final percentage answers to $2$ decimal places.$)$

$\backslash$table$[[$INDEPENDENT AUTO INC.$],[$Common$-$Size Comparative Income Statement $($in $\%),,],[$For Years Ended December $31,2023,2022,$ and $2021,,],[,2023,2022,2021,],[$Net sales,$100\mathrm{.}00,100\mathrm{.}00,100\mathrm{.}00,],[$Cost of goods sold,,,,$],[$Gross profit from sales,,,,$],[$Selling expenses,$14\mathrm{.}13,13\mathrm{.}82,,],[$Administrative expenses,,$13\mathrm{.}99,8\mathrm{.}28,],[$Total operating expenses,$23\mathrm{.}18,27\mathrm{.}81,21\mathrm{.}51,],[$Profit before taxes,$17\mathrm{.}13,10\mathrm{.}29,,],[$Income taxes,$3\mathrm{.}28,3\mathrm{.}24,3\mathrm{.}17,],[$Profit$,,7\mathrm{.}06,12\mathrm{.}03,]]$

Express the balance sheet data in trend percentages with $2021$ as the base year. $($Round your final percentage answers to $2$ decimal places.$)$

$\backslash$table$[[$INDEPENDENT AUTO INC.,$],[$Balance Sheet Data in Trend Percentages $($in $\%),],[$December $31,2023,2022,$ and $2021,],[,2023,2022,2021],[$Assets$,,,],[$Current assets,,,$],[$Non$-$strategic investments,,,$],[$Plant and equipment, net,,,$],[$Total assets,,,$],[$Liabilities and Equity,,,$],[$Current liabilities,,,$],[$Common shares,,,$],[$Retained earnings,,,$],[$Total liabilities and equity,,,$]]$

Prev

$1$ of $1$

Next