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Liquidity and Solvency Measures Your friend, another accountant, has bet you that with your knowiedge of accounting and just the computations for common analytical measures, you can figure out many aspects of a company's financial statements. You take the bet! Match each computation to one of the liquidity and solvency measures in the table. (Hint: Begin by looking for simple computations and identifying the amounts in those computations. Look for other measures that use those amounts.) December 31,20Y6 Assets Current assets: Cash $823,000 Marketable securities Accounts receivable (net) Inventory Prepaid expenses Total current assets Long-term investments Property, plant, and equipment (net) Total assets Liabilities Current liabilities Long-term liabilities Total liabilities Stockholders' Equity Preferred stock, $10 par Common stock, \$5 par Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Profitability Measures Match each computation to one of the profitability measures in the table. Comparative Income Statement Use the following comparative inceme statement form to enter amounts you identify from the computations on the Liquidity and Solvency Measures part and an the Profitability Measures part: Compute any missing amounts and complete the horizontal analysis columns. Enter percentages as decimal amounts, rounded to one decimal place. When rounding, look only at the figure to the right of one decimal place. If

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