The following financial statements are for Courtland Corp. Sales Courtand Corp. Courtland Corp Income Statement Balance Sheet For Years Ended December 31, 2014, 2013, and 2012 December 31, 2014, 2013, and 2012 2014 2013 2012 Assets 2014 2013 2012 1,233,900 1,314,100 1,292,000 Cash 75,800 85,600 74,300 Cost of goods sold 969,300 1,018,100 1,130,700 Short-term investments 57,000 55,000 47,000 Gross profit from sales 264,600 296.000 161,300 Accounts receivable, net 21,500 22,800 25,200 Operating expenses 46,000 55,300 60,600 Merchandise inventory 19,700 18,500 22.000 Operating income 218,600 240,700 100,700 Prepaid expenses 4,300 4,900 5,500 Interest expense 7,450 6,800 8,350 Notes receivable, due in 2017 4,500 5,500 5,000 Income before taxes 211,150 233,900 92,350 Property, plant and equipment, net . 212,000 219,000 234.000 Income taxes 15,700 17,900 20,500 Total assets 394,800 411,300 413,000 Net income 195.450 216,000 71,850 Liabilities and Equity Accounts payable 44,100 41,500 36,500 Salaries payable 11,400 10,000 10,200 Income taxes payable 10,200 10,550 12.450 Long-term note payable secured by mortgage on plant assets 144,000 129,000 157,000 Share capital 180,000 210,000 180,000 Retained earnings 5,100 10,250 16,850 Total liabilities and equity 394.800 411,300 413,000 Compute the acid-test ratio below, and indicate whether the change from year to year is favourable or unfavourable. For your analysis, assume that all other things have remained constant. Apply your analysis in very general terms. All values should be accurate to at least two decimal places. Ratio 2014 2013 Measure of Analysis Acid-test ratio (select one) (select one)