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Question 6 [5 points] The following financial statements are for Weber Inc. Weber Inc. Income Statement For Years Ended December 31, 2014, 2013, and 2012 2014 2013 2012 Sales 1,589,300 1,507,600 1,435,100 Cost of goods sold 662,300 751,000 860,700 Gross profit from sales 927,000 756,600 574,400 Operating expenses 307,000 258,600 220,200 Operating income 620,000 498,000 354,200 Interest expense 9,600 8,250 7,300 Income before taxes 610,400 489,750 346,900 Income taxes 83,100 83,000 80,700 Net income 527,300 406,750 266,200 Weber Inc. Balance Sheet December 31, 2014, 2013, and 2012 Assets 2014 Cash 102,700 Short-term investments 62.000 Accounts receivable, net 44,800 Merchandise inventory 72,100 Prepaid expenses 7,500 Notes receivable, due in 2018 8,500 Property, plant and equipment, net 152,000 Total assets 449,600 Liabilities and Equity Accounts payable 19,200 Salaries payable 15,700 Income taxes payable 27,100 Long-term note payable secured by mortgage on plant assets 80,000 Share capital 220,000 Retained earnings 87,600 449,600 Total liabilities and equity 2013 91,400 53,000 38,400 74,200 9,000 8,000 171,000 445,000 2012 80,500 59,000 47,300 78,100 9,800 9,500 179.000 463,200 20,400 14,300 26,950 77,000 200,000 106,350 445,000 24,900 12,800 29,600 73,000 210,000 112,900 463,200 Compute the acid-test ratio below, and indicate whether the change from year to year is favourable or unfavourable. For your analysis, assume that all other things have remained constant. Apply your analysis in very general terms. All values should be accurate to at least two decimal places. Ratio 2014 2013 Measure of Analysis Acid-test ratio (select one) (select one)