[The following information applies to the questions displayed below.]

The comparative financial statements prepared at December 31, 2012, for Prince Company showedthe following summarized data:

	2012		2011
Income Statement
Sales revenue	$	190,000	*	$	167,000
Cost of goods sold		112,000			100,000
Gross profit		78,000			67,000
Operating expenses and interest expense		56,000			53,000
Pretax income		22,000			14,000
Income tax		8,000			4,000
Net income	$	14,000		$	10,000
Balance Sheet
Cash	$	4,000		$	7,000
Accounts receivable (net)		14,000			18,000
Inventory		40,000			34,000
Operational assets (net)		45,000			38,000
	$	103,000		$	97,000
Current liabilities (no interest)	$	16,000		$	17,000
Long-term liabilities (10% interest)		45,000			45,000
Common stock (par $5)		30,000			30,000
Retained earnings		12,000			5,000
	$	103,000		$	97,000

*One-third was credit sales.

1. value:

10.00 points Required information

Required:

1.

Complete the following columns for each item in the preceding comparative financial statements:(Round your percentage answers to 2 decimal places. Negative value should be indicated with a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" and "%" sign in your response.)

	Increase (Decrease) 2012 over 2011
	Amount		Percent
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)
Inventory
Operational assets (net)
Total Assets	$		%
Current liabilities (no interest)	$		%
Long-term liabilities (10% interest)
Common stock (par $5)
Retained earnings
Total Liabilities and Stockholders' Equity	$		%

References eBook & Resources WorksheetDifficulty: HardLearning Objective: 14-03 Compute and interpret component percentages.

2. value:

10.00 points Required information

2.	By what amount did working capital change?(Leave no cell blank - be certain to enter "0" wherever required.Omit the "$" sign in your response.)

Working capital change

$