Fantastic Cleaning Products Ltd. has provided you with the following selected information from 2020 and 2021: Sales 2021 2020 $785,000 $740 55.2005 358,000 305 Sales returns and allowances Cost of goods sold 86,800 12 Profit 00 Using a vertical trend analysis with net sales as a base, which of the following most accurately depicts the information stated above Fraser Forestry Ltd. has provided you with the following selected information from 2020 and 2021: Cash Accounts receivable Short-term investments 2021 2020 $15,500 $10,200 18,000 22,000 30,000 60,000 29,000 38,500 92,500 130,700 101.000 122,000 Inventory Total current assets Total current liabilities Which of the following best interprets Fraser's current ratio analysh? Current ratio has weakened compared to prior year, decreasing from 0.8 to 0.6. Current ratio has weakened compared to prior year decreasing from 1.1 to 0.9. Current ratio has improved compared to prior year, increasing from 0.9 to 1.1. Current ratio has improved compared to prior year, increasing from 0.6 to 1.8. Fantastic Cleaning Products Ltd. has provided you with the following selected information from 2020 and 2021: Sales Sales returns and allowances 2021 2020 $785,000 $740,000 55,200 52,000 358,000 305,000 86,800 128,000 Cost of goods sold Profit Using a vertical trend analysis with net sales as a base, which of the following most accurately depicts the information stated above? Profit as a percentage of net sales did not change significantly from 2020. Cost of goods sold as a percentage of net sales increased by 5 percentage points. Cost of goods sold as a percentage of net sales remained consistent from 2020. Profit as a percentage of net sales increased by 6.7 percentage points. Attempt