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

The comparative financial statements for Prince Company are below:

	Year 2				Year 1
Income statement:
Sales revenue	$	190,800			$	168,700
Cost of goods sold		113,900				101,200
Gross profit		76,900				67,500
Operating expenses and interest expense		56,400				53,400
Pretax income		20,500				14,100
Income tax		6,150				4,230
Net income	$	14,350			$	9,870
Balance sheet:
Cash	$	5,300			$	5,300
Accounts receivable (net)		14,300				16,500
Inventory		42,000				33,400
Property and equipment (net)		45,100				37,300
Total assets	$	106,700			$	92,500
Current liabilities (no interest)	$	15,600			$	16,600
Long-term liabilities (10 interest)		43,500				43,500
Common stock ($5 par value, 5,800 shares outstanding)		29,000				29,000
Retained earnings		18,600				3,400
Total liabilities and stockholders' equity	$	106,700			$	92,500
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.) 2. By what amount did the current ratio change? (Round your intermediate calculations and final answer to 2 decimal places.)

PRINCE COMPANY Income Statement At December 31, Year 2 Increase (Decrease) Year 2 over Year 1 Amount Percent Sales revenue Cost of goods sold Gross profit Operating expenses and interest expense Pretax income Income tax Net income PRINCE COMPANY Balance Sheet At December 31, Year 2 Increase (Decrease) Year 2 over Year 1 Amount. Percent Cash Accounts receivable (net) Inventory Property and equipment (net) Total Assets Current la nities (no interest) Long-term liabilities (10% interest) Common stock ($5 par value, 5,800 shares outstanding) Retained earnings Totai Liabilities & Equity