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1. Complete the below table to calculate each years current ratio. Options for Choose Numerator: Accounts receivable, Cost of goods sold, Current assets, Current liabilities,
1. Complete the below table to calculate each years current ratio.
Options for Choose Numerator: Accounts receivable, Cost of goods sold, Current assets, Current liabilities, Net Sales
Options for Choose Denominator: Current Assets, Current liabilities, Net sales, Accounts receivable net, Cost of goods sold, Average accounts receivable net
(Rest of boxes do not have answer options)
2. Complete the table to calculate income statement data in common-size percents
3. Complete the below table to calculate the balance sheet data in trend percents with 2017 as base year
4. Refer to the results from parts 1, 2, and 3
a. Did the cost of goods sold make up a greater portion of sales for the most recent year? Y/N
b. Did income as a percent of sales improve in the most recent year? Y/N
c. Did plant assets grow over this period? Y/N
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