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Accounting

[The following information applies to the questions displayed below.]

The comparative financial statements prepared at December 31, 2015, for Prince Company showed the following summarized data:

2015 2014
Income statement:
Sales revenue $ 191,000 * $ 168,400
Cost of goods sold 113,900 101,500
Gross profit 77,100 66,900
Operating expenses and interest expense 58,000 55,000
Pretax income 19,100 11,900
Income tax 5,730 3,570
Net income $ 13,370 $ 8,330
Balance sheet:
Cash $ 4,900 $ 6,500
Accounts receivable (net) 16,000 16,500
Inventory 41,300 32,300
Operational assets (net) 45,000 37,700
$ 107,200 $ 93,000
Current liabilities (no interest) $ 15,000 $ 16,000
Long-term liabilities (10% interest) 44,800 44,800
Common stock (par $5) 29,800 29,800
Retained earnings 17,600 2,400
$ 107,200 $ 93,000
1.

Complete the following columns for each item in the preceding comparative financial statements: (Round your percentage answers to 2 decimal places.(i.e., 0.1234 should be entered as 12.34). Decreases should be indicated by a minus sign.)

PRINCE COMPANY
Income Statement
At December 31, 2015
Increase (Decrease)
2015 over 2014
Amount Percent
Sales revenue %
Cost of goods sold %
Gross profit %
Operating expenses and interest expense %
Pretax income %
Income tax %
Net income

%

PRINCE COMPANY
Balance Sheet
At December 31, 2015
Increase (Decrease)
2015 over 2014
Amount Percent
Cash %
Accounts receivable (net) %
Inventory %
Operational assets (net) %
$0 %
Current liabilities (no interest) %
Long-term liabilities (8% interest)
Common stock (par $5)
Retained earnings %
$0 %

By what amount did working capital change?

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