Hawaii Travel Account Balances Jan. 2016 Jan. 2015 Administrative expenses $5,000 $5,000 Cost of goods sold 4,000 3,500 Interest expense 10,000 7,000 Interest income Loss on sale of equipment Net sales 10,000 12,000 1,000 700 60,000 45,000 Selling expenses 10,000 8,000 Income Tax 8,000 6,500 How much is the percent change in operating income in 2016 compared to 2015? (see horizontal analysis). 14.3% @ 15.2% 25.0% 43.9% The followings are balances of accounts to prepare income statement. Two-year data has been provided. Based on this information, answer the following question. Hawaii Travll Jan. 2015 Jan. 2016 Account Balances 5,000 $5,000 Administrative expenses Cost of goods sold 4,000 3,500 7,000 Interest expense 10,000 Interest income Loss on sale of equipment Net sales 10,000 12,000 700 1,000 45,000 60,000 Selling expenses 10,000 8,000 Income Tax 8,000 6,500 Based on the vertical analysis, cost of goods sold in 2016 is [ ] of total revenue in 2016. The followings are part of account balances of Company AAA. Cash $3,000 Inventory $3,000 Building $100,000 Accounts Receivable $3,000 Accounts Payable $3,000 Notes Payable (Non-current) $3,000 Depreciation Expense $10,000 Accumulated Depreciation $10,000 Based on the above information, calculate the current ratio Maui Travel Agency Balance Sheet January 31, 2017 Assets 40,250 18,000 5,000 500 62,750 Cash Accounts Receivable Equipment Acc. Dep. - Equipment Total Assets Liabilities 5,000 5,000 Acc. Salaries Payable Total Liabilities Stockholders' Equity 40,000 17,750 62,750 Common Stock Retianed Earnings Total Liabilities and Equity Based on the above balance sheet, calculate the debt-equity ratio. 0.065 0.070 0.087