Prompts 2.4, 2.5, and 2.6 utilize the following information:

Coco Juice, LLC has the following financial information at the end of each fiscal year listed:

	2021	2022	2023
Cash	120,000	100,000	80,000
Accounts Receivable	50,000	75,000	40,000
Inventory	1,000,000	1,050,000	1,100,000
Property, Plant, & Equipment	200,000	200,000	200,000
Accounts Payable	122,000	124,000	125,000
Notes Payable	10,000	20,000	40,000
Common Stock	500,000	500,000	500,000
Retained Earnings	738,000	781,000	695,000
Net Income	0	100,000	400,000

Prompt #2.4 What is the percentage change in Accounts Payable from 2021 to 2022? 2022 to 2023? Is the trend increasing, decreasing, or the same?

Prompt #2.5 What is the Quick Ratio for 2021, 2022, and 2023? Is this indicative of more or less liquidity over time?

Prompt #2.6 What is the Debt Ratio for 2021, 2022, and 2023? Is this indicative of more or less solvency over time?

Prompts 3.1, 3.2, 3.3, and 3.4 utilize the following information: The following information is available for Company ABC:

(1) Sales Revenue $638,000 Reordered No.: _____

(2) Interest Expense 24,000 Reordered No.: _____

(3) Sales Returns 40,000 Reordered No.: _____

(4) Cost of Goods Sold 348,000 Reordered No.: _____

(5) Sales Allowances 26,000 Reordered No.: _____

(6) Operating Expenses 130,000 Reordered No.: _____

(7) Interest Revenue 31,000 Reordered No.: _____

Prompt #3.1 Please reorder the above information to properly reflect a multi-step income statement.

Prompt #3.2 Compute the Gross Profit for the year.

Prompt #3.3 Compute the Net Income or Net Loss for the year.

Prompt #3.4 If Company ABC's average total asset for 2023 was $10,000,000. What would the Return on Assets (ROA) be for the year? If the average ROA for Company ABC's industry is 10%, is Company ABC more of less profitable than competitors?