Year $3$ Year $2$ Year $1$ Year $3$ Year $2$ Year $1$ Income Statement Revenue $13,91711,51712,72018,54817,18618,369$ Cost of goods sold $7,7145,8465,5569,5868,6759,866$ Selling & admin. expenses $2,2971,8342,0962,2001,9612,089$ Interest expense $65175183329337$ Tax expense $5361098$ Net Income $3,8363,8175,0576,5696,2126,069$ Balance Sheet Assets Cash $1,1859761,2353,3612,6781,973$ Accounts receivable $265254462455300315$ Inventory $2,0371,6001,5842,6012,2801,684$ Property & equipment $($net$)9,1705,3891,19410,2543,8663,697$ Total Assets $12,6578,2194,47516,6719,1247,669$ Liabilities Accounts payable $8917457302,7262,2591,697$ Unredeemed gift cards $1,020699932422328350$ Long term liabilities $6254903452,7982,0881,747$ Stockholders' Equity Commom stock $8158158151,2901,2901,290$ Retained earnings $9,3065,4701,6539,4353,1592,585$ Total Liabilities and Equity $12,6578,2194,47516,6719,1247,669.$ For a horizontal analysis for Alma, what is the percent change in cost of goods sold for year $2?$ Convert your final answer to a percentage, round to one decimal place and enter without the $"\%"$ sign $($e$.$g$.$ a final answer of $0\mathrm{.}105678$ would be entered as $10\mathrm{.}6).$ Flag question: Question $2$ Question $21$ pts What is the current ratio for Otis for year $1?$ Round your final answer to two decimal places. Flag question: Question $3$ Question $31$ pts What is days in inventory ratio for Alma for year $3?$ Round your final answer to one decimal place. Flag question: Question $4$ Question $41$ pts What is the average collection period for Otis for year $2?$ Round your final answer to one decimal place. Flag question: Question $5$ Question $51$ pts What is the debt to assets ratio for Alma for year $3?$ Convert your final answer to a percentage, round to one decimal place and enter without the $"\%"$ sign $($e$.$g$.$ a final answer of $0\mathrm{.}105678$ would be entered as $10\mathrm{.}6).$ Flag question: Question $6$ Question $61$ pts What is the times interest earned ratio for Otis for year $2?$ Round your final answer to one decimal place. Flag question: Question $7$ Question $71$ pts What is the gross profit rate for Alma for year $1?$ Convert your final answer to a percentage, round to one decimal place and enter without the $"\%"$ sign $($e$.$g$.$ a final answer of $0\mathrm{.}105678$ would be entered as $10\mathrm{.}6).$ Flag question: Question $8$ Question $81$ pts What is the net profit margin ratio for Otis for year $3?$ Convert your final answer to a percentage, round to one decimal place and enter without the $"\%"$ sign $($e$.$g$.$ a final answer of $0\mathrm{.}105678$ would be entered as $10\mathrm{.}6).$ Flag question: Question $9$ Question $91$ pts What is the return on assets ratio for Alma for year $3?$ Convert your final answer to a percentage, round to one decimal place and enter without the $"\%"$ sign $($e$.$g$.$ a final answer of $0\mathrm{.}105678$ would be entered as $10\mathrm{.}6).$ Flag question: Question $10$ Question $101$ pts Which company would you rather invest in$?$ Briefly explain. p Flag question: Question $11$ Question $111$ pts Which company would you rather extend a long$-$term loan to$?$ Briefly explain. p Flag question: Question $12$ Question $121$ pts If Alma purchased $$1,500$ of equipment on account in year $3,$ how would that transaction impact its current ratio? Group of answer choices improve worsen no impact