Please answer these two questions for me

Please answer these two questions for me

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Problem 17-1A Ratios, common-size statements, and trend percents L.O. P1, P2, P3
[The following information applies to the questions displayed below.]
Selected comparative financial statements of Bennington Company follow:
BENNINGTON COMPANY
Comparative Income Statements
For Years Ended December 31, 2012, 2011, and 2010
2012
2011
2010
Sale
s
$
457,0
83
$
350,1
63
$
243,0
00
Cost
of
goods
sold
275,1
64
219,2
02
155,5
20
Gros
s
profit
181,9
19
130,9
61
87,48
0
Selli
ng
expen
ses
64,90
6
48,32
2
32,07
6
Admi
nistrati
ve
expen
ses
41,13
7
30,81
4
20,16
9
Total
expen
ses
106,0
43
79,13
6
52,24
5
Inco
me
before
taxes
75,87
6
51,82
5
35,23
5
Inco
me
taxes
14,113
10,62
4
7,153
Net
incom
e
$
61,76
3
$
41,20
1
$
28,08
2
BENNINGTON COMPANY
Comparative Balance Sheets
December 31, 2012, 2011, and 2010
2012
2011
2010
Asse
ts
Curr
ent
assets
$
47,32
1
$
37,02
3
$
49,49
1

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Long
-term
invest
ments
0
1,200
3,960
Plant
assets
, net
85,23
1
90,49
0
53,18
8
Total
assets
$
132,5
52
$
128,7
13
$
106,6
39
Liabi
lities
and
Equit
y
Curr
ent
liabiliti
es
$
19,35
3
$
19,17
8
$
18,66
2
Com
mon
stock
71,00
0
71,00
0
53,00
0
Othe
r paid-
in
capital
8,875
8,875
5,889
Retai
ned
earnin
gs
33,32
4
29,66
0
29,08
8
Total
liabiliti
es
and
equity
$
132,5
52
$
128,7
13
$
106,6
39
references
1.
value:
1.00 points
Problem 17-1A Part 1
Required:
1.
Compute each year’s current ratio.
(Round your answers to 1 decimal place.)
Current ratio December 31,
to

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