Complete the following horizontal analysis comparative income statements of Websters Corporation.

\begin{array}{c}\text {Websters Corporation}\\\text {Comparative Income Statements}\\\text {For the Years Ended December 31, Years 1 and 2}\\\\\begin{array}{lll}\\\\\text {Net Sales}\\\text {Expenses:}\\\text {Cost of Goods Sold}\\\text {Operating Expense}\\\text {Interest Expense}\\\text {Income Tax Expense}\\\text {Total Expenses}\\\text {Net Income}\end{array}\begin{array}{r}\\\text { Year } 2 \\\$ 75,000 \\\\\$ 36,000 \\17,000 \\2,500 \\\underline{1,900} \\\$ 57,400 \\\$ 17,600 \$\end{array}\begin{array}{r}\\\text { Year 1 } \\\$ 50,000 \\\\\$ 30,000 \\9,000 \\1,800 \\\underline{1,400 }\\\$ 42,200 \\7,800 \end{array}\begin{array}{c}\text {Amt. of}\\\text { Change}\\\underline{\quad\quad}\\\\\underline{\quad\quad}\\\underline{\quad\quad}\\\underline{\quad\quad}\\\underline{\quad\quad}\\\underline{\quad\quad}\\\underline{\quad\quad}\\\end{array}\begin{array}{c}\text {Percent of}\\\text { Change}\\\underline{\quad\quad}\\\\\underline{\quad\quad}\\\underline{\quad\quad}\\\underline{\quad\quad}\\\underline{\quad\quad}\\\underline{\quad\quad}\\\underline{\quad\quad}\\\end{array}\end{array}

Which Statement Below Best Describes the Quick (Acid Test)ratio

Multiple Choice