Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current assets, current liabilities, and sales over the last five years (Year 5 is the most recent year) are as follows: Sales Cash Accounts receivable, net Inventory Total current assets Current liabilities Year 1 $4,565, 890 $ 95,275 403, 419 811,803 $1,310,497 $ 300,500 Year 2 $4,857,180 $ 97.796 434,188 B24,326 $1,406,310 $ 342,314 Year 3 $ 4,960,530 $ 91,691 435,553 830,261 $1,357,505 $ 343, 291 Year 4 $5,408,690 $ 87,496 511,042 886,348 $1,484,886 $ 327,285 Year 5 $5,717,900 $ 75,838 570,783 899,345 $1,545,966 408,029 Required: 1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. (Round your percentage answers to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) A comparative income statement is given below for McKenzie Sales, Ltd., of Toronto: Last Year $5,555,600 3,515,000 2,040,600 McKenzie Sales, Ltd. Comparative Income Statement This Year Sales $7,310,000 Cost of goods sold 4,690,000 Gross margin 2,620,000 Selling and administrative expenses: Selling expenses 1,376,000 Administrative expenses 703,000 Total expenses 2,079,000 Net operating income 541,000 Interest expense 203,000 Net income before taxes $430,000 1,072,500 610,500 1.683,000 357,600 93,000 $ 264,600 Members of the company's board of directors are surprised to see that net income increased by only $173,400 when sales increased by $1.754,400. Required: 1 Express each year's income statement in common-size percentages. (Round your percentage answers to 1 decimal place (ie. 0.1234 should be entered as 12.3).) Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new common stock during the year. A total of 600,000 shares of common stock were outstanding. The interest rate on the bond payable was 10%, the income tax rate was 40%, and the dividend per share of common stock was $0.75 last year and $0.40 this year. The market value of the company's common stock at the end of the year was $29. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $1,210 10,900 13,400 790 26,300 $ 1,310 7,600 12,600 640 22,150 10.700 20.044 54,744 681,044 10,700 38,902 49,602 $71,752 Assets Current asset Cash Accounts receivable, net Inventory Prepaid expenses Total current annet Property and equipment: Land Buildings and equipment, not Total property and equipment Total As Liabilities and stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities Bonds payable Total Liabilities Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total Liabilities and stockholders' equity $20,300 1,040 120 21,460 $18,000 760 120 19,680 9,800 31,260 9.800 29.480 600 4,000 4.600 45,184 49.784 $81,044 600 4.000 4.600 37.672 42.272 $71,752 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $75,000 $66,000 Cost of goods sold 43,000 35,000 Gross margin 32,000 31,000 Selling and administrative expenses: Selling expenses 10,800 10,600 Administrative expenses 6,700 6,700 Total selling and administrative expenses 17,500 17,300 Net operating income 14,500 13,700 Interest expense 980 980 Net income before taxes 13,520 12,720 Income taxes 5,408 5,088 Net income 8,112 7,632 Dividends to common stockholders 600 600 Net income added to retained earnings 7,512 7,032 Beginning retained earnings 37,672 30,640 Ending retained earnings $45,184 $37,672 Required: Compute the following financial data and ratios for this year: 1. Working capital. (Enter your answer in thousands.) 2. Current ratio. (Round your answer to 2 decimal places.) 3. Acid-test ratio. (Round your answer to 2 decimal places.)