Requlred Information

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

The comparative financial statements for Chinook Company are below

Income statement

Sales revenue

Cost of goods sold

Gross profit

Operating expenses and interest expense

Pretax income

Income tax

Net income

Balance sheet

Cash

Accounts receivable $($net$)$

Inventory

Property and equipment $($net$)$

Total assets

Current liabilities $($no interest$)$

Long$-$term liabilities $($interest rate: $12\%)$

Common stock $($$$5$ par value, $7,100$ shares outstanding$)$

Retained earnings

Total liabilities and stockholders' equity

Year $2$

Year $1$

Requlred:

Compute component percentages for Year $2.$

Complete this question by entering your answers in the tabs below.

Income

Statement

Balance Sheet:

Compute component percentages for Year $2.$

Note: Enter your answers as a percentage rounded to $2$ decimal places $($i$.$e$.0\mathrm{.}1234$ should be entered as $12\mathrm{.}34$