$3$

E$13-5($Algo$)$ Computing a Commonly Used Solvency Ratio $[$LO $13-4,$ LO $13-5]$

$2\mathrm{.}5$

points

According to the producer price index database maintained by the Bureau of Labor Statistics, the average cost of computer equipment fell $3\mathrm{.}8$ percent between January and December $2018.$ Let's see whether these changes are reflected in the income statement of IT Tech Incorporated for the year ended December $31,2018.$

$\backslash$table$[[,2018,2017],[$Sales Revenue,$$119,000,$$$148,500$