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The comparative financial statements for Prince Company are below: Year 2 Year 1 Income statement: Sales revenue $ 190,400 $ 167,300 Cost of goods sold

The comparative financial statements for Prince Company are below:

Year 2 Year 1
Income statement:
Sales revenue $ 190,400 $ 167,300
Cost of goods sold 112,100 101,500
Gross profit 78,300 65,800
Operating expenses and interest expense 57,100 54,100
Pretax income 21,200 11,700
Income tax 6,360 3,510
Net income $ 14,840 $ 8,190
Balance sheet:
Cash $ 4,100 $ 6,100
Accounts receivable (net) 15,000 16,600
Inventory 41,900 33,100
Property and equipment (net) 46,200 37,600
Total assets $ 107,200 $ 93,400
Current liabilities (no interest) $ 14,800 $ 15,800
Long-term liabilities (9 interest) 43,500 43,500
Common stock ($5 par value, 5,200 shares outstanding) 26,000 26,000
Retained earnings 22,900 8,100

Total liabilities and stockholders' equity

$ 107,200 $

93,400

Required:

1. Complete the following columns for each item in the preceding comparative financial statements: (Round your percentage answers to 2 decimal places.(i.e., 0.1234 should be entered as 12.34). Decreases should be indicated by a minus sign.) Show Amount and Percent

Required : Sales Revenue(base amount), Cost of goods sold, Gross profit on sales, Operating expenses and interest expense , Pretax income, Incomes taxes, Net income, cash, Accounts receivable (net) , inventory, Property and equipment (net) Current liabilities(no interest), Long-term liabilities (9%interest), Retained earnings, Common stock($5 par value, 5,200 shares outstanding), Total liabilities and owners equity(the base amount)

2. By what amount did the current ratio change? (Round your intermediate calculations and final answer to 2 decimal places.)

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