Current Attempt in Progress

Pharoah Corporation had the following comparative current assets and current liabilities for the years ended December $31,2023$ and

$2024$:

During $2024,$ credit sales and cost of goods sold were $$450,000$ and $$236,800$ respectively. The $2023$ credit sales were $$489,000$ and

cost of goods sold was $$268,000.$ Net cash provided by operating activities was $$136,200$ and $$149,000$ respectively for $2024$ and

At December $31,2022,$ current liabilities were $$190,200,$ accounts receivable was $$72,000$ and inventory was $$94,600.$ The

allowance for doubtful accounts at the end of each of the three years was zero.

Industry Averages:

Working capital $$38,500$

Current ratio: $1\mathrm{.}20$: $1$

Quick ratio: $0\mathrm{.}65$ : $1$

Receivables average collection period: $30$ days

Days sales in inventory: $120$ days

$($a$)$

Using retrospective $($horizontal$)$ analysis, calculate the percentage of base$-$year amount for $2023$ to $2024,$ assuming that $2023$ is

the base year. $($Round answers to $1$ decimal place, e$.$g$.15\mathrm{.}2\%)$

The parts of this question must be completed in order. This part will be available when you complete the part above.