[The following information applies to the questions displayed below] The comparative nancial statements for Prince Company are below: Year 2 Year1 Income statement: Sales revenue is 190,000 $ 167,000 Cost of goods sold 112,000 100,000 Gross prot 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 Property and equipment (net) 45,000 38,000 Total assets $ 103,000 $ 97,000 Current liabilities (no interest) $ 16,000 $ 17,000 Longterm liabilities (10% interest) 45,000 45,000 Common stock ($5 par value, 6,000 shares outstanding) 30,000 30,000 Retained earnings 12,000 5,000 Total liabilities and stockholders' equity $ 103.000 $ 97.000 I Required: 1. Complete the following columns for each item in the preceding comparative nancial statements: (Round your percentage answers to 2 decimal places. (l.e., 0.1234 should be entered as 12.34). Decreases should be indicated by a minus sign.) Sales revenue Cost of goods sold Gross prot Operating expenses and interest expense Pretax income Income tax Net income Cash Accounts receivable (net) Inventory Property and equipment (net) Total Assets Current liabilities (no interest) Lung-term liabilities (10% interest) Common stock ($5 par value, 6,000 shares outstanding) Retained eamings Total Liabilities & Equity 2. By what amount did the current ratio change? (Round your intermediate calculations and nal answer to 2 decimal places.)