Enabled: MH Lab 1: Ratio Analysis Saved The comparative financial statements prepared at December 31, Year 2, for Goldfish Company showed the following summarized data: Statement of Earnings Sales revenue Cost of sales Gross margin Operating expenses and interest expense Earnings before income taxes Income tax expense Net earnings Statement of Financial Position Cash Accounts receivable (net) Inventory Property, plant, and equipment (net)) Current liabilities (no interest) Non-current liabilities (10% interest) Common shares (6,000 shares) Retained earningst Year 2 Year 1 $200,940 $170,000 131,820 110,000 69,120 60,000 54,490 48,200 14,630 3,220 11,800 2,300 $ 11,410 $ 9,500 $ 4,360 $ 8,800 15,630 40,850 18,500 35,800 46,230 39,000 $107,070 $102,100 $ 16,330 $19,500 45,730 40,000 30,000 30,000 15,010 12,600 $107,070 $102,100 "One-third was credit sales. During Year 2, cash dividends amounting to $9,000 were declared and paid. Required: 1. Using the concept of horizontal analyis, complete the following columns for each item in the preceding comparative financial statements (Negative answers should be indicated by a minus sign. Round percentage answers to 2 decimal places (i.e., 0.1243 should be entered as 12.43).): Help 2-a. By what amount did working capital change? Change in working capital $ 26,750 You received partial credit in the previous attempt. 2-b. What was the percentage change in the income tax rate? (Round intermediate calculations and final answer to 2 decimal places.) Percentage change 40.00% increase 2-c. What was the amount of cash collections from customers in year 2? Amount of cash inflow. $ 26,750 A < Prev 11 of 13 Next > ha g Enabled: MH Lab 1: Ratio Analysis i You received partial credit in the previous attempt. 56:39 2-c. What was the amount of cash collections from customers in year 2? Amount of cash inflow ok 26,750 2-d. What was the percentage change for the markup realized on sales? (Round intermediate calculations and final answer to 1 decimal place.) Percentage change 300% decrease