Hi

Help me please.

Thanks!

Question 2 [5 points] Use Weber Inc.'s financial statements to compute the acid-test ratio, and indicate whether the change from year to year is favourable or unfavourable. For your analysis, assume that all other things have remained constant. Apply your analysis in very general terms. All values should be accurate to at least two decimal places. Weber Inc. Income Statement For Years Ended December 31, 2014, 2013, and 2012 2014 2013 2012 Sales .".""" $1,542,400 $1,700,600 $1,466,300 Cost of goods sold. 1,233,000 1,444,000 1,237,500 Gross profit from sales .. 309,400 256,600 228,800 Operating expenses... 127,600 116,200 133,900 Income from operations. 181,800 140,400 94,900 Interest expense 2, 150 1,900 2,100 Income before taxes 179,650 138,500 92,800 Income taxes. 40,700 34,200 14,800 Net income $138,950 $104,300 $78,000 Weber Inc. Balance Sheet December 31, 2014, 2013, and 2012 Assets 2014 2013 2012 Cash... $23,700 $21,800 $23,400 Short-term investments .. 58,000 63,000 58,000 Accounts receivable, net. 18,300 17,600 21,900 Merchandise inventory .. 73,300 73,000 75,600 Prepaid expenses.. 6,800 7,300 8,400 Notes receivable, due in 2017 7,000 9,000 9,500 Plant assets, net. 224,000 179,000 160,000 Total assets $411,100 $370,700 $356,800 Liabilities and Equity Accounts payable .. $13,100 $12,900 $14,200 Salaries payable. 11,800 10,700 10,300 Income taxes payable. 3.300 3.400 2,850 Long-term note payable secured by mortgage on plant assets 112,000 107,000 100,000 Share capital, 200,000 shares . 270,000 230,000 210,000 Retained earnings. 900 6,700 19,450 Total liabilities and equity .. $411,100 $370,700 $356,800 Ratio 2014 2013 Analysis Acid-test ratio . (select one) (select one) avourable Official Time: 17:09:27 Junfavourable SUBMIT AND MARK equal