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The comparative financial statements prepared at December 31, Year 2, for Goldfish Company showed the following summarized data; Year 2 Year 1 Statement of Earnings

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The comparative financial statements prepared at December 31, Year 2, for Goldfish Company showed the following summarized data; Year 2 Year 1 Statement of Earnings Sales revenue Cost of sales Gross margin Operating expenses and interest expense Earnings before income taxes Income tax expense Net earnings Statement of Financial position Cash Accounts receivable (net) Inventory Property, plant, and equipment (net) $288,950 $245,000 233,680 197,000 55, 278 48,000 39,920 35,700 15, 350 12,300 4, 130 3,180 $ 11,220 $ 9,200 $ 4,780 19, 120 49,060 43, 150 $116, 110 $ 15,220 40,670 42,000 18,220 $116, 110 $ 9,600 23,000 43,000 36,500 $112, 100 $ 18,400 37,400 42,000 14,300 $112,100 Current liabilities (no interest) Non-current liabilities (10% interest) Common shares (6,000 shares) Retained earningst One-third was credit sales. During Year 2, cash dividends amounting to $7,300 were declared and paid. Required: 1. Complete the following columns for each item in the preceding comparative financial statements (Negative answers should be indicated by a minus sign. Round percentage answers to 2 decimal places (i.e., 0.1243 should be entered as 12.43).): Increase (Decrease) Year 2 over Year 1 Amount Percentage 11 of 13 Required: 1. Complete the following columns for each item in the preceding comparative financial statements (Negative answers should be indicated by a minus sign. Round percentage answers to 2 decimal places (i.e., 0.1243 should be entered as 12.43).); Increase (Decrease) Year 2 over Year 1 Amount Percentage 0 0 Statement of earnings: Sales revenue Cost of sales Gross margin Operating expenses and interest expense Earnings before income taxes Income tax expense Net earnings Statement of financial position: Cash Accounts receivable (net) Inventory Property, plant, and equipment (net) $ 0 $ 0 Current liabilities Long-term debt Common shares Retained earnings $ 0 2-a. By what amount did working capital change? Change in working capital 2-b. What was the percentage change in the income tax rate? (Round intermediate calculations and final answer to 2 decimal places.) Percentage change % 2-c. What was the amount of cash collections from customers in year 2? Amount of cash inflow 2-d. What was the percentage change for the markup realized on sales? (Round intermediate calculations and final answer to 1 decimal place.) Percentage change %

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