The condensed statements of Yaterra Corporation follow.

Required
1. Calculate each year€™s current ratio.
2. Express the income statement data in common-size percents.
3. Express the balance sheet data in trend percents with 2012 as the base year.
Analysis Component: Comment on any significant relationships revealed by the ratios andpercents.

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Yaterra Corporation Income Statement ($000) For Years Ended December 31 Yaterra Corporatiorn Balance Sheet ($000) December 31 2014 2013 2012 2014 2013 2012 $784,000 $659,200 $568,000 Assets Cost of goods sold.. 436,000 346,400 270,400 Current assets.. $180,800 $100,000 $143,200 Gross profit from sae... $348,000 $312,800 $297,600 Long-term investment.. Selling expense $104,800 82,800 S 87,200 Administrative expenses,40083,600 76,000 Total expenses.. $183,200 $166,400 $163,200 Income before taxes... $164,800 $146,400 $134,400 0 5,600 21,600 Plant and equipment, net.. 408,000 424,000 313,600 Total assets Liabilities and Equity $588,800 $529,600 $478,400 Cent liabilities 57,680 51,240 47,040 Common shares .344,000 299,200 288,800 $588,800 $529,600 $478,400 JI Total liabilities and equity