Utilize the following balance sheet for the next two problems

2020 2021 2020 2021

Cash 14,588 17,631 Acct Payable 55,653 63,0739

Accts Rec 35,258 41,019 Notes Pay 21,895 25,324

Inventory 65,567 71,505 Total C/L 77,548 88,397

Total C/A 115,413 130,155

2020 2021

Net PP&E 477,413 498,421 Long term Debt 58,000 62,000

Common Stock 60,000 60,000

Ret Earnings 397,278 418,179

Total long term 457,278 478179

Total Assets 592,826 628,576 Total Debt and Equity 592,826 628,576

1. Prepare a common-size balance sheet using 2020 as the base year.

2. Calculate the following ratios 2020 2021

1. Current Ratio
2. Quick ratio
3. NWC to total assets
4. Debt Equity
5. equity multiplier
6. Total debt ratio
7. long term debt ratio