LTI Launch X CengageNOWv2 | Online teachin X C Chegg Search C A v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Exam 2 . MC.09.076 Current Position Analysis 2. MC.09.078 The following data were taken from the comparative balance sheet of Icon Living, Inc., for the years ended December 31, 2019 and December 31, 20V8: Dec. 31, 2079 Dec. 31, 20Y8 3. MC.09.040 Cash $420,200 $317,700 4. EX.09.06.ALGO Temporary investments 448,400 348,000 5. MC.09.037 Accounts and notes receivable (net) 412,400 379,300 Inventories 576,500 470,300 6. MC.09.043 Prepaid expenses 399,500 189,700 7. MC.09.038 Total current assets $2,257,000 $1,705,000 8. MC.09. Accounts payable $353,800 $385,000 Accrued liabilities 256,200 165,000 9. MC.09.042 Total current liabilities $610,000 $550,000 10. MC.09.036 11. MC.09.031 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. 20Y9 20Y8 12. EX. 09-08.Algo Working capital S 13. PR.09.05.AL Current ratio 14. MC.09.069 Quick ratio MC.09.048 b. The liquidity of Icon Living, Inc., has from 20V8 to the 2019. The working capital, current ratio, and quick ratio have all . Most of these changes are the result of 16. MC.09.035 17. MC.09.052 18 MC 09 041 Progress: 4/26 items Previous Next Time Remaining: 2:16:12 All work saved. Email Instructor Submit Test for Grading Q Search CR ENG 10:52 PM 6 US 6/17/2023LTI Launch X CengageNOWv2 | Online teachin X C Chegg Search X *Dashboard X + V X C A v2.cengagenow.com/ilmn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Exam 2 Trend Analysis ? . MC.09.076 2. MC.09.078 Critelli Company has provided the following comparative information: Year 5 Year 4 Year 3 Year 2 Year 1 3. MC.09.040 Net income $936,700 $807,500 $678,600 $580,000 $491,500 4. EX.09.06.ALGO Interest expense 318,500 290,700 251,100 191,400 152,400 5. MC.09.037 Income tax expense 299,744 226,100 190,008 150,800 117,960 Average total assets 5,481,223 4,837,885 4,132,000 3,506,364 2,981,019 6. MC.09.043 Average stockholders' equity 1,877,154 1,678,794 1,465,659 1,297,539 1,135,104 7. MC.09.038 You have been asked to evaluate the historical performance of the company over the last five years. 8. MC.09. Selected industry ratios have remained relatively steady at the following levels for the last five years: 9. MC.09.042 Industry Ratios Return on total assets 22.6 % 10. MC.09.036 Return on stockholders' equity 46.7 % 11. MC.09.031 Times interest earned 12. EX.09-08.Algo Instructions: Calculate three ratios for Year 1 through Year 5. Round to one decimal place. 13. PR.09.05.ALGO a. Return on total assets: 14. MC.09.069 Year 5 MC.09.048 Year 4 9% 16. MC.09.035 Year 3 1% Year 2 19% 17. MC.09.052 18 MC 09 041 Previous Next Progress: 13/26 items Time Remaining: 2:15:21 All work saved. Email Instructor Submit Test for Grading Q Search CR ENG 10:53 PM 6 US 6/17/2023LTI Launch X CengageNOWv2 | Online teachin X C Chegg Search X *Dashboard X + V X C A v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Exam 2 ? . MC.09.076 Instructions: 2. MC.09.078 Calculate three ratios for Year 1 through Year 5. Round to one decimal place. a. Return on total assets: 3. MC.09.040 Year 5 4. EX.09.06.ALGO Year 4 5. MC.09.037 Year 3 % 6. MC.09.043 Year 2 % Year 1 7. MC.09.038 b. Return on stockholders equity: 8. MC.09. Year 5 9% 9. MC.09.042 Year 4 10. MC.09.036 Year 3 Year 2 11. MC.09.031 Year 1 12. EX.09-08.Algo c. Times interest earned; 13. PR.09.05.ALGO Year 5 14. MC.09.069 Year 4 MC.09.048 Year 3 Year 2 16. MC.09.035 Year 1 17. MC.09.052 18 MC 09 041 Next Progress: 13/26 items Previous Time Remaining: 2:15:00 All work saved. Email Instructor Submit Test for Grading Q Search CR ENG 10:53 PM 6 US 6/17/2023