Look at the requirement picture and do #1b-1i and #2

Additional Financial Information Balance Sheet 1. Market price of Sanfield's common stock: $51.48 at December 31, 2018, and $37.08 at December 31, 2017 2. Common shares outstanding: 16,000 on December 31, 2018 and 15,000 on December 31, 2017 and 2016. 3. All sales are on credit Sanfield, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 2016 Print Done A Income Statement 0 Requirements Assets Current Assets: Cush Accounts Receivables, Net Merchandise Inventory Prepaid Expenses Total Current Assets Property. Plant, and Equipment, Net 99,000 $ 109,000 142,000 15,000 365,000 215,000 580,000 $ Sanfield, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 97,000 117,000 $ 100,000 164,000 207,000 5,000 383,000 177,000 560,000 $599,000 Net Sales Revenue Cost of Goods Sold Gross Profit $ 462,000 $ 430,000 236.000 213,000 $ Total Assets 226,000 135,000 1. Compute the following ratlos for 2018 and 2017: a. Current ratio b. Cash ratio c. Times-interest eamed ratio d. Inventory turnover e. Gross profit percentage f. Debt to equily ratio g. Rate of return on common stockholders' equity h. Earnings per share of common stock i. Pricelearnings ratio Decide (a) whether Sanfield's ability to pay debts and to sell inventory improved or deteriorated during 2018 and (b) whether the investment attractiveness of its common stock appears to have increased or decreased. 217.000 133,000 Liabilities Operating Expenses Income From Operations $ 222,000 $ 113,000 Total Current Liabilities Long-term Liabilities Total Liabilities 244,000 92,000 91.000 8.000 84.000 12.000 Interest Expense Income Before Income Tax 335,000 336,000 Income Tax Expense 83.000 18.000 65,000 $ 72.000 22.000 50,000 Print Done $ Net Income Print Done i Requirements 1. Compute the following ratios for 2018 and 2017: a. Current ratio b. Cash ratio c. Times-interest-earned ratio d. Inventory turnover e. Gross profit percentage f. Debt to equity ratio g. Rate of return on common stockholders' equity h. Earnings per share of common stock i. Pricelearnings ratio 2. Decide (a) whether Sanfield's ability to pay debts and to sell inventory improved or deteriorated during 2018 and (b) whether the investment attractiveness of its common stock appears to have increased or decreased. Print Done Comparative financial statement data of Sanfield, Inc. follow: E: (Click the icon to view the income statement.) (Click the icon to view the additional financial information.) 3 (Click the icon to view the balance sheet.) Read the requirements. Requirement 1a. Compute the current ratios for 2018 and 2017. Begin by selecting the formula to compute the current ratio. Current ratio = Additional Financial Information Balance Sheet 1. Market price of Sanfield's common stock: $51.48 at December 31, 2018, and $37.08 at December 31, 2017 2. Common shares outstanding: 16,000 on December 31, 2018 and 15,000 on December 31, 2017 and 2016. 3. All sales are on credit Sanfield, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 2016 Print Done A Income Statement 0 Requirements Assets Current Assets: Cush Accounts Receivables, Net Merchandise Inventory Prepaid Expenses Total Current Assets Property. Plant, and Equipment, Net 99,000 $ 109,000 142,000 15,000 365,000 215,000 580,000 $ Sanfield, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 97,000 117,000 $ 100,000 164,000 207,000 5,000 383,000 177,000 560,000 $599,000 Net Sales Revenue Cost of Goods Sold Gross Profit $ 462,000 $ 430,000 236.000 213,000 $ Total Assets 226,000 135,000 1. Compute the following ratlos for 2018 and 2017: a. Current ratio b. Cash ratio c. Times-interest eamed ratio d. Inventory turnover e. Gross profit percentage f. Debt to equily ratio g. Rate of return on common stockholders' equity h. Earnings per share of common stock i. Pricelearnings ratio Decide (a) whether Sanfield's ability to pay debts and to sell inventory improved or deteriorated during 2018 and (b) whether the investment attractiveness of its common stock appears to have increased or decreased. 217.000 133,000 Liabilities Operating Expenses Income From Operations $ 222,000 $ 113,000 Total Current Liabilities Long-term Liabilities Total Liabilities 244,000 92,000 91.000 8.000 84.000 12.000 Interest Expense Income Before Income Tax 335,000 336,000 Income Tax Expense 83.000 18.000 65,000 $ 72.000 22.000 50,000 Print Done $ Net Income Print Done i Requirements 1. Compute the following ratios for 2018 and 2017: a. Current ratio b. Cash ratio c. Times-interest-earned ratio d. Inventory turnover e. Gross profit percentage f. Debt to equity ratio g. Rate of return on common stockholders' equity h. Earnings per share of common stock i. Pricelearnings ratio 2. Decide (a) whether Sanfield's ability to pay debts and to sell inventory improved or deteriorated during 2018 and (b) whether the investment attractiveness of its common stock appears to have increased or decreased. Print Done Comparative financial statement data of Sanfield, Inc. follow: E: (Click the icon to view the income statement.) (Click the icon to view the additional financial information.) 3 (Click the icon to view the balance sheet.) Read the requirements. Requirement 1a. Compute the current ratios for 2018 and 2017. Begin by selecting the formula to compute the current ratio. Current ratio =