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Please Help and Provide work!!!!! [The following information applies to the questions displayed below.] The comparative financial statements prepared at December 31, 2015, for Prince

Please Help and Provide work!!!!!

[The following information applies to the questions displayed below.]

The comparative financial statements prepared at December 31, 2015, for Prince Company showed the following summarized data:

2015 2014
Income statement:
Sales revenue $ 191,800 * $ 167,300
Cost of goods sold 112,200 101,500
Gross profit 79,600 65,800
Operating expenses and interest expense 57,500 54,500
Pretax income 22,100 11,300
Income tax 6,630 3,390
Net income $ 15,470 $ 7,910
Balance sheet:
Cash $ 5,400 $ 5,900
Accounts receivable (net) 15,000 16,200
Inventory 40,300 33,800
Operational assets (net) 45,000 37,300
$ 105,700 $ 93,200
Current liabilities (no interest) $ 14,300 $ 15,300
Long-term liabilities (10% interest) 44,700 44,700
Common stock (par $5) 29,300 29,300
Retained earnings 17,400 3,900
$ 105,700 $ 93,200

*One-third was credit sales.

Required:
1.

Complete the following columns for each item in the preceding comparative financial statements: (Round your percentage answers to 2 decimal places.(i.e., 0.1234 should be entered as 12.34). Decreases should be indicated by a minus sign.)

image text in transcribed

2. By what amount did working capital change?
PRINCE COMPANY Income Statement At December 31, 2015 Increase (Decrease) 2015 over 2014 Amount Percent Sales revenue Cost of goods sold Gross proft Operating expenses and interest expense Pretax income Income tax Net income PRINCE COMPANY Balance Sheet At December 31, 2015 Increase (Decrease) 2015 over 2014 Amount Percent Cash Accounts receivable (net) Inventory Operational assets (net) Current liabilities (no interest) Long-term liabilities (8% interest) Common stock (par S5) Retained earnings

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