(Static) uting Comparative Financial Statements and RO river Ratios 13-5 [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) Year 2 Year 1 $ 190,000 112,000 $ 167,000 100,000 78,000 67,000 56,000 53,000 22,000 14,000 8,000 4,000 $ 14,000 $ 4,000 14,000 40,000 $ 10,000 $ 7,000 18,000 34,000 Inventory Property and equipment (net) Total assets Current liabilities (no interest) Long-term liabilities (interest rate: 10%) Common stock ($5 par value, 6,000 shares outstanding) Retained earnings Total liabilities and stockholders' equity 45,000 38,000 $ 97,000 $ 17,000 $ 103,000 $ 16,000 45,000 30,000 12,000 $ 103,000 45,000 30,000 5,000 $ 97,000 Income Statement Balance Sheet Compute component percentages for Year 2. Note: Enter your answers as a percentage rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34). CHINOOK COMPANY Income Statement Sales revenue Cost of goods sold Gross profit Operating expenses Pretax income Income taxes Net income Component Percentages Year 2 87.89 % % % % % % % di di di di di di Compute component percentages for Year 2. Note: Enter your answers as a percentage rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34). Cash Accounts receivable (net) Inventory Property and equipment (net) Total assets CHINOOK COMPANY Balance Sheet Current liabilities Long-term liabilities (interest rate: 10%) Common stock ($5 par value, 6,000 shares outstanding) Retained earnings Total liabilities and stockholders' equity Component Percentages Year 2 % % % % 0.00 % % % % % 0.00 %