Following information is given 2000 2001 2002 Current Assets Cash 20,000 21,000 24,000 Short term Investment 60,000

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Question:

Following information is given

2000 2001 2002

Current Assets

Cash 20,000 21,000 24,000
Short term Investment 60,000 81,000 145,000
A/R 100,000 90,000 140,000
Inventories 14,000 17,000 15,000
Prepaid Exp 13,000 12,000 14,000
Total Current Assets 207,000 221,000 338,000
Investment 43,000 35,000 40,000
Property and Equipment

Land 68,500 68,500 68,500
Building 810,000 850,000 880,000
Furniture and Equipment 170,000 190,000 208,000
total 1,048,500 1,108,500 1,156,500
Less: Accumulated Depreciation 260,000 320,000 381,000
Other Operationg Equipment 11,500 20,500 22,800
Total Assets 1,050,000 1,065,000 1,176,300
Current Liabilities

Accounts Payable 60,000 53,500 71,000
Accrued Income Taxes 30,000 32,000 34,000
Accured Expenses 70,000 85,200 85,000
Current Portion of Long-term debt 25,000 21,500 24,000
Total Current Liabilities 185,000 192,200 214,000

Long-term Debt

Mortgage Payable 425,000 410,000 400,000
Deferred Income Taxes 40,000 42,800 45,000
Total Long-term Debt 465,000 452,800 445,000
Total Liabilities 650,000 645,000 659,000
Owner's Equity

Common Stock 55,000 55,000 55,000
Paid-in Capital in Excess 110,000 110,000 110,000
Retained Earnings 235,000 255,000 352,300
Total Owner's Equity 400,000 420,000 517,300

Total Liabilities and Equity 1,050,000 1,065,000 1,176,300

Required
1) Amount Change and % change from Year 2000 to Year2001
2) Current ratio, Acid Test Ratio, A/R turn-over, Avg collection period, Solvency Ratio, profit ratio for Year2001
( Assume the 2002 Revenue 1,300,000, profit is 65,000 ) Operating Cash flow is 201,000.