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[The following information applies to the questions displayed below] The comparative nancial statements for Prince Company are below: Year 2 Year1...

Q2.pngQ1.pngGiven.pngCan you pls help with filling in the blanks for question 1 and 2? Thanks!

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[The following information applies to the questions displayed below] The comparative financial 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 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
Property and equipment (net) 45,000 38,000
Total assets $ 103,000 $ 97,000
Current liabilities (no interest) $ 16,000 $ 17,000
Long—term 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—

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Required:
1. Complete the following columns for each item in the preceding comparative financial 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 profit 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

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2. By what amount did the current ratio change? (Round your intermediate calculations and final answer to 2 decimal places.)

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