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(1) Prepare the income statements and balance sheets for years 2017 and 2018 for Samuelson Company using the following information. The balance sheet numbers are

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(1) Prepare the income statements and balance sheets for years 2017 and 2018 for Samuelson Company using the following information. The balance sheet numbers are at the end of year figures. 2017 2018 Accounts Payable 10.700 12,000 Accounts Receivable 55,300 54,400 Accumulated Depreciation 27.900 30.200 Cash & Cash Equivalents 9,700 10.500 Common Stock 40.500 40,500 Cost of Goods Sold 92.600 108.400 Depreciation 2,250 2.300 Fixed Expenses 7,000 7600 Interest 2.900 3.400 Inventory 37.800 42,700 Long-term Debt 29,800 32,000 Other Current Liabilities 8,600 8.400 Plant & Equipment 53.000 56,900 Retained Earnings 18.200 22,700 Sales 138,200 150.500 Selling and GEA 13.400 15,500 Short-Term Notes 20.100 18,700 Tax Rate 30% 30% (2) Answer the following questions: (a) How much did Samuelson Company spend in acquiringfied assets in 2018? (b) How much dividend did Samuelson Company pay out during 2017? (c) Using the end of year numbers, did the short-term liquidity improve or deteriorate from 2017 to 2018? Answer this question using at least two short-term liquidity financial ratios. (d) Using the end of year numbers, did the asset management efficiency improve or deteriorate from 2017 to 2018? Answer this question using at least two asset management financial ratios

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