The comparative financial statements for Chinook Company

Accounts receivable (net) Inventory Property and equipment (net) Total assets Current liabilities (no interest) Longterm liabilities (interest rate: 98) Common stock ($5 par value, 5,600 shares outstanding) Retained earnings Total liabilities and stockholders i equity P13-5 Part 2 2. By what amount did the current ratio change from Year 1 to Year 2? The comparative financial statements for Chinook Company are below 19,5 167, l 112,8 $ 14,840 $ 9,310 $ 5,2 $ 5,8 93,600 17, 8 43,4 43,4 28, 28, 21,4 93,6 107 , 8 Income statement Sa tes revenue Cost of goods sold Gross profit Operating expenses Pretax income Income tax Net income Balance sheet Cash and interest expense Year 2 77,700 56,5 21,2 6,36 15,300 4,5 46,8 $ 15, Year 10 66,800 53,500 13,300 3,990 16, 40 33,5 37,900 16,o 6,2 Note: Round your intermediate calculations and final answer to 2 decimal places. Current ratio chan e