Proctoring Enabled: Assignment $2($i

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The comparative financial statements prepared at December $31,$ Year $2,$ for Goldfish Company showed the following summarized data:

Statement of Earnings

Sales revenue

Cost of sales

Gross margin

Operating expenses and interest expense

Earnings before income taxes

Income tax expense

Net earnings

Statement of Financial position

Cash

Accounts receivable $($net$)$

Inventory

Property, plant, and equipment $($net$)$

Current liabilities $($no interest$)$ Non$-$current liabilities $(10\%$ interest$)$

Common shares shares$)$

Retained earningst

Year $2$ Year $1$

$*$One$-$third was credit sales.

tDuring Year $2,$ cash dividends amounting to $$5,000$ were declared and paid.

Required:

Using the concept of horizontal analyis, complete the following cqumns for each item in the preceding comparative financial statements $($Negative answers should be indicated by o minus sign. Round percentage answers to $2$ decimal places $($i$.$e$.,0\mathrm{.}1243$ should be entered as $12\mathrm{.}43).)$: