5 PL Question 20 2-3-3 Was their current ratio for year 2000 better or worse compared to 1999 - a one word answer please! Edit Vio Incert Enrmat Tants Tahle 1 Page of 2 ZOOM Income Statement Cline Custom Bikes Income Statement ($000) For year ended December 31, 2000 $2,200 $1,420 $ 780 Sales revenue Less Cost of goods sold Gross profit Less operating expenses Selling expense G&A Depreciation Total operating expenses Operating profits Less interest expense Net profit before tax Less taxes (30%) Net profit after tax $300 $270 $ 30 $ 600 $ 180 $ 29 $ 151 $ 45 $ 106 Statement of Retained Earnings Retained Earnings balance Lian 1 2000) Plus: net profit after tax (for 2000) Less cash dividends on common $ 80 106 (76) Retained Earnings balance (Dec 31, 2000) $ 110 30 (ee tv Page