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Can you please help with question 1. P12-2 Analyzing Comparative Financial Statements by Using Percentages and Selected Ratios LO12-5, 12-6, 12-7, 12-8 The comparative financial

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Can you please help with question 1.

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P12-2 Analyzing Comparative Financial Statements by Using Percentages and Selected Ratios LO12-5, 12-6, 12-7, 12-8 The comparative financial statements prepared at December 31, 2017, for Goldfish Company showed the following summarized data: 2017 2016 Statement of Earnings Sales revenue $ 241,700* $ 205,000 Cost of sales 181,850 153,000 Gross margin 59,850 52,000 Operating expenses and interest expense 45,510 40,500 Earnings before income taxes 14,340 11,500 Income tax expense 3,610 2,700 Net earnings $ 10,730 $ 8,800 Statement of Financial Position Cash $ 4,230 $ 8,500 Accounts receivable (net) 17,450 21,000 Inventory 44,480 39,000 Property, plant, and equipment (net) 45,500 38,500 $ 111,660 $ 107,000 Current liabilities (no interest) $ 13,780 $ 16,500 Non-current liabilities (10% interest) 43, 150 39,000 Common shares (6,000 shares) 30,000 30,000 Retained earnings 24,730 21,500 $ 111,660 $ 107,000 *One-third was credit sales. +During 2017, cash dividends amounting to $7,500 were declared and paid.Required: 1. Present component percentages for 2017 only. (Input all amounts as positive values. Round the final answers to the nearest whole percent. Percentages may not add exactly due to rounding.) Component Percentages 2017 Statement of earnings: Sales revenue Cost of sales Gross margin 0 % Operating expenses and interest expense Earnings before income taxes 0 % Income tax expense Net earnings % Statement of financial position: Cash Accounts receivable (net) Inventory Property, plant and equipment (net) Total assets Current liabilities Long-term liabilities Common shares Retained earnings Total liabilities and shareholders' equity %

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