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Thofollaninafinanrinlinformation irfor Dlarram ramnani, Additional information: 1. Inventory at the beginning of 2021 was $117,000. 2. Accounts receivable (net) at the beginning of 2021 were
Thofollaninafinanrinlinformation irfor Dlarram ramnani, Additional information: 1. Inventory at the beginning of 2021 was $117,000. 2. Accounts receivable (net) at the beginning of 2021 were $88,000. 3. Total assets at the beginning of 2021 were $631,000. 4. No common stock transactions occurred during 2021 or 2022. 5. All sales were on account. Given below are three independent situations and a ratio that may be affected. For each situation, compute the affected ratio (1) as of December 31 , 2022, and (2) as of December 31, 2023, after giving effect to the situation. (Round Debt to assets ratio to 0 decimal places, e.g. 15 and round all other answers to 1 decimal place e.g. 15.5. Round \% change to 0 decimal places, for e.g. 1% and if \% change is a decrease show the numbers as negative, e.g. 1% or (1\%).)
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