Q • Question 1 0.333 out of 0.333 points If the cash balance at December 31, 20Y5, was $28,000 and at December 31, 20Y6, was $30,000, using horizontal analysis, what would be the percentage increase (decrease)? Round to one decimal place. • Question 2 0.333 out of 0.333 points If the cash balance at December 31, 2005, was $28,000 and at December 31, 2006, was $26,000, using horizontal analysis, what would be the percentage increase (decrease)? Round to one decimal place. • Question 3 0.333 out of 0.333 points If the cash account balance on the balance sheet is $50,000, total current assets is $150,000, and total assets equals $500,000, using vertical analysis determine the percentage for cash. • Question 4 0.333 out of 0.333 points If the net income as determined on the income statement is $150,000, sales is $500,000, and gross profit from sales is $300,000, determine the vertical analysis for the net income amount for this income statement. • Question 5 0.333 out of 0.333 points Assume that the Current Assets for Rainbow Paint Co. as of Decebmer 31, 20Y6, are listed below. Assume further that the total Current Liabilites on the same date are $750,000. What is the amount of working capital for Rainbow Paint Co. on December 31, 20&6? ASSETS Current Assets: Cash $ 175,000 Marketable Securities 150,000 Accts. Rec. 425,000 Inventory 720,000 Prepaid Expense 30,000 Total Current Assets $1,500,000

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