Justice Corporation
Income Statement
Year Ended December 31, 2017
Net Sales	$30,525
Cost of Goods Sold	5,945
Gross Profit	24,580
Operating Expenses	6,803
Operating Income	17,777
Interest Expense	181
Income Before Income Taxes	17,596
Income Tax Expense	2,705
Net Income	$14,891

JusticeJustice

Corporation reported the following financial statement

Justice Corporation
Comparative Balance Sheet
December 31, 2017 and 2016
				2017	2016
Assets
Current Assets:
Cash and Cash Equivalents				$2,122	$1,761
Accounts Receivable				2,129	1,940
Merchandise Inventory				1,326	1,051
Prepaid Expenses				1,734	1,819
Total Current Assets				7,311	6,571
Other Assets				18,092	15,528
Total Assets				$25,403	$22,099
Liabilities
Current Liabilities				$7,234	$8,293
Long-term Liabilities				4,661	2,105
Total Liabilities				11,895	10,398
Stockholders' Equity
Common Stock, no par				6,108	5,401
Retained Earnings				7,400	6,300
Total Stockholders' Equity				13,508	11,701
Total Liabilities and Stockholders' Equity				$25,403	$22,099

Horizontal analysis of JusticeJustice's balance sheet for 2017 would report:

A.Cash as 8.358.35% of total assets.

B.inventory turnover of 55 times.

C.a current ratio of 1.011.01.

D.a 2020% increase in Cash and Cash Equivalents