Account	year1	Year2
	31-Dec	31-Dec	Difference
Current assets:
Cash	47,000	18,000	-29,000
Accounts receivable	5,000	29,000	24,000
Inventories	149,000	137,000	-12,000
Total current assets	201,000	184,000	-17,000
Fixed assets
Land	250,000	250,000	0
Building and equipment	450,000	550,000	100,000
Less: Depreciation	-150,000	-170,000	-20,000
Total fixed assets	550,000	630,000	80,000
Other investments:
Cash value of life insurance	6,400	6,600	200
investment in other firms	24,400	24,400	0
investment in subsidiary	75,000	75,000	0
Total other	105,800	106,000	200
Total assets	856,800	920,000	63,200
Current liabilities:
Account payable	30,000	53,000	23,000
Taxes payable	1,500	1,750	250
Installment on long-term debt due this year	20,000	35,200	15,200
total current liabilities	51,500	89,950	38,450
Long-term liabilities:
Long-term notes payable	301,600	320,050	18,450
Total liabilities	353,100	410,000	56,900
Owner's equity:
retained earnings, Dec 31	503,700	510,000	6,300

	Yeal 1	Year2
Revenue from sales	1,240,000	1,450,000
Less:cost of goods sold
Inventory, Jan 1	100,000	151,000
Good purchased	1,077,000	1,105,000
Good available for sale	1,177,000	1,256,000
Inventory, Dec 31	-151,000	-127,000
Cost of good sold	1,026,000	1,129,000
Gross margin	214,000	321,000
Less:operating expenses
Salaries and wages	110,000	160,000
Office expenses	1,000	3,400
Selling and promotion	38,000	72,000
Utilities and fuel	28,000	44,000
Interest expenses	4,000	5,000
Depreciation	15,000	20,000
Total opersting expenses	196,000	304,400
Income before taxes	18,000	16,600
Less: Allownace for income taxes	6,000	8,700
Net income	12,000	7,900

14. Total assets in year 1 is . (Do not write comma and $)

15. Account payable in year 2 is . (Do not write comma and $)

16. The dollar amount of purchase of fixed assets is . (Do not write comma and $)

17. Change in the Net Working Capital is . (year2- year1)

18. Current ratio of firm A in year 2 is . (Do not write comma and %, and round up to first decimal place)

19. Acid test ratio of firm A in year 1 is . (Do not write comma and %, and round up to first decimal place)

20. Account receivable turnover ratio of firm A in year 1 is . (Do not write comma and %, and round up to first decimal place)

(Assume credit sales has 10% share from revenue)

21. Return on owners equity of firm A in year 2 is . (Do not write comma and %, and round up to first decimal place)