The comparative financial statements prepared at December 31, 2011, for Goldfish Company showed the following summarized data:

2: Answer the following:

a. By what amount did working capital change?

b. What was the percentage change in the average income tax rate?

c. What was the amount of cash inflow from revenues for 2011?

d. What was the percentage change for the average markup realized on sales?

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2011 2010 Income Statement Sales revenue $ 195,000* $165,000 Cost of sales 120,000 100.000 Gross margin 75,000 65.000 Operating expenses and interest expense 60,000 53,000 Profit before taxes 15,000 12,000 Income tax expense 4,000 3,000 Profit $ 11,000 $ 9,000 Statement of Financial Position Cash $ 4,000 $ 8,000 Trade receivables (net) 15,000 18,000 Inventory 40,000 Property, plant, and equipment (not) 45,000 35,000 38,000 $ 104,000 $ 99,000 Current liabilities (no interest) $ 16,000 Non current liabilitics (10% interest) Common shares (6,000 shares) Retained earnings 39,000 30,000 30,000 13,000 11,000 $ 104,000 $ 99,000 45,000 $ 19,000 Required: "One-third was credit sales. "During 2011, cash dividends amounting to $9,000 were declared and paid. 1. Complete the following columns for each item in the preceding comparative financial statements: Increase (Decrease) 2011 over 2010 Amount Percent