Question: Help needed ASAP Please thank you P12-1 (Algo) Analyzing Comparative Financial Statements by Using Percentoges (Horizontal Anolysis) LO12.6 The comparative financial statements prepared at December



P12-1 (Algo) Analyzing Comparative Financial Statements by Using Percentoges (Horizontal Anolysis) LO12.6 The comparative financial statements prepared at December 31, Year 2, for Goldifh Company showed the following summarzed data One-third was credit sales. tDuring Year 2 cash olvidends amounting to $7.600 were declared and pald Required: 1. Complete the following columns for each itern in the comparative financlal statements (Negatlve answers should be indicated by a minus sign. Round percentoge onswers to 2 decimal pioces, 1.e, 0.1243 should be entered as 12.43 . 2-a. By what amount did working capital change? 2-b. What was the percentage change in the income tax rate? (Round Intermediate calculations and final answer to 2 decimal places.) 2-c. What was the amount of cash collections from customers in year 2 ? 2-d. What was the change for the gross profit margin ratio? (Round intermeditete colculations and finel answer to t decimal pince)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
