Question: please help P12-1 Analyzing Comparative Financial Statements by Using Percentages L012-5 The comparative financial statements prepared at December 31, Year 2, for Goldfish Company showed



P12-1 Analyzing Comparative Financial Statements by Using Percentages L012-5 The comparative financial statements prepared at December 31, Year 2, for Goldfish Company showed the following summarized data: -One-third was credit sales. tDuring Year 2 , cash dividends amounting to $7,200 were declared and paid. Required: 1. Complete the following columns for each item in the preceding comparative financial statements (Negative answers showd be indicated by a minus sign. Round percentage answers to 2 decimal places (1.0,0.1243 should be entered as 12.433) Required: 1. 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).): 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 finat answer to 2 decimal places.) 2-c. What was the amount of cash collections from customers in year 2? 2-d. What was the percentage change for the markup realized on sales? (Round intermediate calculations and final answer to 1 decimal place.)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
