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Consolidated SW Inc. Financials Income Statement Balance Sheet 2016 2017 2017 Net sales 8,410 8,902 130 of Cost sold good 6,981 6,872 422 Depreciation 757
Consolidated SW Inc. Financials Income Statement Balance Sheet 2016 2017 2017 Net sales 8,410 8,902 130 of Cost sold good 6,981 6,872 422 Depreciation 757 802 262 EBIT 672 1,228 Assets 2016 Cash and 145 securities Accounts 406 receivable Inventories 290 Total current 841 assets Net fixed assets 2,059 Total assets 2,900 Liabilities and Owners' Equity Accounts payable 116 814 Interest expense 20 18 2,028 Tax (25%) 163 303 2,842 Net Income 489 907 111 87 80 Short-term notes Total current liabilities Long-term debt 203 191 163 149 Common stock 633 512 Retained earnings 1,901 1,990 Total liabilities and owners' equity 2,900 2,842 Given the financial statements for SW Inc. above, comment on the change in cash ratio over the past two years
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