P12-1 Analyzing Comparative Financial Statements by Using Percentages LO12-5 The comparathe finandal statements prepared at December 31, Year 2, for Goldfish Compony showed tho following summarized data: 'One-third was credin sales. TDuring Yoar 2 , cash dividends amounting to 58.000 wore seclared and poid. Required: 1. Comploto the folowing colurns for each item in the preceding comporative francal statemeres (Nogative answers whould bei indicated by a minus sign. Round percentage answers to 2 desimal places fle, a.1243 ahould be anfared as 12,411l/k 2a. By what amourt did woeking capital change? 2.b. What was the percentage change in the income tax rate? (Alound Intermediate calculations and finat answer to 2 decimat pinces.) 2.. What was the amount of cash collections from custamers in year 2? 2.d. What was the percentage change for the immine realured on sales (Alound intermediate calcuiations and tinal anwwar to 1 detirnal place. P12-2 Analyzing Comparative Financial Statements by Using Percentages and Selected Ratios L012-5, 12-6, 12-9 The comparative financial statements prepared at December 31, year 2, for Goldfish Company showed the following summarized data: "One-third was credit sales. tDuring Year 2, cash dividends amounting to $5,500 were declared and paid. Required: 1. Present component percentages for Year 2 only. (Input all amounts as positive values. Round the final answers to the nearest whole percent. Percentages may not add exactly due to rounding.) 2-a. By what amount did working capital change? 2-b. What was the percentage change in the income tax rate? (Round intermediate calculations and final answer to 2 decimal places.) 2-c. What was the amount of cash collections from customers in year 2? 2-d. What was the percentage change for the markup realized on sales? (Round intermediate calculations and final answer to 1 decimal place.) P12-1 Analyzing Comparative Financial Statements by Using Percentages LO12-5 The comparathe finandal statements prepared at December 31, Year 2, for Goldfish Compony showed tho following summarized data: 'One-third was credin sales. TDuring Yoar 2 , cash dividends amounting to 58.000 wore seclared and poid. Required: 1. Comploto the folowing colurns for each item in the preceding comporative francal statemeres (Nogative answers whould bei indicated by a minus sign. Round percentage answers to 2 desimal places fle, a.1243 ahould be anfared as 12,411l/k 2a. By what amourt did woeking capital change? 2.b. What was the percentage change in the income tax rate? (Alound Intermediate calculations and finat answer to 2 decimat pinces.) 2.. What was the amount of cash collections from custamers in year 2? 2.d. What was the percentage change for the immine realured on sales (Alound intermediate calcuiations and tinal anwwar to 1 detirnal place. P12-2 Analyzing Comparative Financial Statements by Using Percentages and Selected Ratios L012-5, 12-6, 12-9 The comparative financial statements prepared at December 31, year 2, for Goldfish Company showed the following summarized data: "One-third was credit sales. tDuring Year 2, cash dividends amounting to $5,500 were declared and paid. Required: 1. Present component percentages for Year 2 only. (Input all amounts as positive values. Round the final answers to the nearest whole percent. Percentages may not add exactly due to rounding.) 2-a. By what amount did working capital change? 2-b. What was the percentage change in the income tax rate? (Round intermediate calculations and final answer to 2 decimal places.) 2-c. What was the amount of cash collections from customers in year 2? 2-d. What was the percentage change for the markup realized on sales? (Round intermediate calculations and final answer to 1 decimal place.)
