Proctoring Enabled MH Lab 1 Ratio Analysis You received partial credit in the previous attempt Help Save & Ext 11 014022 The comparative financial statements prepared at December 31, Year 2, for Goldfish Company showed the following summ data: Statement of Earnings Sales revenue Cost of sales Gross margin eloos Operating expenses and interest expense Earnings before income taxes Income tax expense Net earnings Statement of Financial Position Cash Accounts receivable (net) $241,700 $205,000 181,850 153,000 59,850 52,000 45,510 40,500 14,340 3,610 11,500 2,700 $ 10,750 $ 4,230 17,450 $8,500 21,000 44,450 19,000 45,500 $111,660 Inventory Property, plant, and equipment (net) Current liabilities (no interest). Non-current liabilities (10% interest) Common shares (6,000 shares) Retained earnings $ 13,788 43,150 38,500 $107,000 $ 16,500 39,000 30,000 30,000 24,738 21,500 $111,660 $107,000 "One-third was credit sales +During Year 2. cash dividends amounting to $7.500 were declared and paid OB Q