2-c. What was the amount of cash collections from customers in year 2? : 2-d. What was the percentage change for the markup realized on sales? [Round intermediate calculations and nai decimal place.) _ _-_ Proctoring Enable X + getproctorio.com/secured#lockdown bols g Enabled: MH Lab 1: Ratio Analysis i Saved 2-a. By what amount did working capital change? Change in working capital se 2 01:43:53 2-b. What was the percentage change in the income tax rate? (Round intermediate calculations and fina places.) eBook Percentage change % 2-c. What was the amount of cash collections from customers in year 2? Amount of cash inflow Mc Graw 11 of 13 Next > Hill MacBook Air 20 Q DII F4 F7 F3 F6 F8 F1 F2 F5Enable X + ctorio.com/secured#lockdown Enabled: MH Lab 1: Ratio Analysis i Saved Help Required: 1. Using the concept of horizontal analyis, complete the following columns for each item in the preceding comparative financial statements (Negative answers should be indicated by a minus sign. Round percentage answers to 2 decimal places (i.e., 0.1243 should be entered as 12.43).): Increase (Decrease) Year 2 over Year 1 Amount Percentage Statement of earnings: Sales revenue Cost of sales Gross margin Operating expenses and interest expense Earnings before income taxes Income tax expense Net earnings $ of Statement of financial position: Cash Accounts receivable (net) Inventory Property, plant, and equipment (net) $ of Current liabilities Long-term debt Common shares Retained earnings $ O .' MacBook Air 80 4 DII DD A FA F6 F7 FB F9 F10 F2 F3 @ % & O 2 4 5 6 8 9ng Enable X + proctorio.com/secured#lockdown g Enabled: MH Lab 1: Ratio Analysis i Saved Help The comparative financial statements prepared at December 31, Year 2, for Goldfish Company showed the following summarized data: Year 2 Year 1 Statement of Earnings Sales revenue $ 253, 510* $215,000 Cost of sales 194, 800 164, 000 Gross margin 58 , 710 51, 000 Operating expenses and interest expense 44, 120 $9, 300 Earnings before income taxes 14, 590 1, 700 Income tax expense 3, 740 2 , 800 Net earnings $ 10, 850 $ 8,900 Statement of Financial Position Cash $ 4, 480 $ 9,000 Accounts receivable (net) 17 , 870 21,500 Inventory 45, 630 10,000 Property, plant, and equipment (net) 44, 920 38 , 000 $112, 900 $108, 500 Current liabilities (no interest) $ 16, 140 $ 19, 400 Non-current liabilities (108 interest) 41, 410 37, 000 Common shares (6,000 shares) 36, 000 36 , 000 Retained earningst 19, 350 16, 100 $112, 900 $108, 500 One-third was credit sales. During Year 2, cash dividends amounting to $7,600 were declared and paid. Required: 1. Using the concept of horizontal analyis, complete the following columns for each item in the preceding comparative financial statements (Negative answers should be indicated by a minus sign. Round percentage answers to 2 decimal places (i.e., 0.1243 should be entered as 12.43).); Increase (Decrease) Year 2 over Year 1 Amount Percentage Statement of earnings: ' MacBook Air 80 DII DD A FZ F3 F6 F7 FB E9 F10 & 4 5 6 9 O