+ Comparative financial statement data of Ranfield, Inc follow: (Click the icon to view the income...
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+ Comparative financial statement data of Ranfield, Inc follow: (Click the icon to view the income statement.) (Click the icon to view the balance sheet) Income Statement Requirement 1a. Compute the current ratios for 2024 and 2023. Begin by selecting the formula to compute the current rabo Current ratio Now, compute the current ratios for 2024 and 2023 (Round your answers to two decimal places, XXX) Current ratio: 2024 2023 Ranfield, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses 2024 2023 $ 450,000 $424,000 244,000 215,000 215,000 200,000 134,000 132,000 Income From Operations 81,000 77,000 Interest Expense 10,000 15,000 Income Before Income Tax. 71,000 62.000 Income Tax Expense 19,000 27,000 S $2,000 $ 35.000 Requirement 1b. Compute the cash ratios for 2024 and 2023 Begin by selecting the formula to compute the cash ratio. Cash rato Now, compute the cash ratios for 2024 and 2023 (Round your answers to two decimal places, XXX) Net Income Cash ratio 2024 Print Done Comparative financial statement data of Ranfield, Inc. follow (Click the icon to view the income statement) (Click the icon to view the balance sheet) Requirement 1b. Compute the cash ratios for 2024 and 2023 Begin by selecting the formula to compute the cash ratio Cash ratio Now, compute the cash ratios for 2024 and 2023 (Round your answers to two decimal places, XXX) 2024 Cash ratio Prepaid Expenses Total Current Assets 2023 Ranfield, Inc. Comparative Balance Sheet December 31, 2024 and 2023 2024 2023 2022 Assets Current Assets Cash $ 91,000 $ 80,000 Accounts Receivables, Net 108 000 155,000 $100,000 Merchandise Inventory 150 000 161,000 200,000 10.000 8,000 305,000 372,000 Property, Plant, and Equipment, Net 216,000 172.000 $ 581,000 5 544,000 Total Assets 5506 000 Requirement 1c. Compute the times interest earned ratios for 2024 and 2023 Begin by selecting the formula to compute the times-interest-earned ratio: Times-interest-earned rabo = Now compute the times-interest-earned ratios for 2024 and 2023 (Round your answers to two decima Liabilities Total Current Liabilities $ 226,000 $ 245,000 Comparative financial statement data of Ranfield, Inc follow (Click the icon to view the income statement) (Click the icon to view the balance sheet) Merchandise Inventory Prepaid Expenses 150,000 161,000 209,000 16,000 8,000 Total Current Assets 365,000 372,000 Property, Plant, and Equipment, Net 216.000 172,000 $ 581,000 $ 544,000 Total Assets $590,000 Requirement 1c. Compute the times-interest earned ratios for 2024 and 2023 Begin by selecting the formula to compute the times interest earned ratio Times interestcared ratio Now, compute the times interest earned ratios for 2024 and 2023 (Round your answers to two decimal Times-interest-earned ratio Liabilities Total Current Liabilities Long-term Liabilities Total Liabilities 2024 2023 Requirement 1d. Compute the inventory tumover ratios for 2024 and 2023 Begin by selecting the formula to compute the inventory turnover ratio Inventory turnover rato Now, compute the inventory turnover.rabos for 2024 and 2023 (Round your answers to two decimal pl Inventory turnover ratio $ 226,000 $245,000 116,000 98,000 342,000 343,000 Stockholders' Equity Preferred Stock, 4% 104,000 104,000 135,000 97,000 00,000 Common Stockholders' Equity, no par 5 581,000 5 $44,000 Total Liabilities and Stockholders' Equity Selected 2022 amounts Print Done Additional Financial Information 1. Market price of Ranfield's common stock: $61.56 at December 31, 2024, and $40.29 at December 31, 2023 2, Common shares outstanding: 15,000 on December 31, 2024 and 13,000 on December 31, 2023 and 2022 3. All sales are on credit. Print one Requirements 1. Compute the following ratios for 2024 and 2023: 2. 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. Price/earnings ratio Decide (a) whether Ranfield's ability to pay debts and to sell inventory improved or deteriorated during 2024 and (b) whether the investment attractiveness of its common stock appears to have increased or decreased. Print Done or + Comparative financial statement data of Ranfield, Inc follow: (Click the icon to view the income statement.) (Click the icon to view the balance sheet) Income Statement Requirement 1a. Compute the current ratios for 2024 and 2023. Begin by selecting the formula to compute the current rabo Current ratio Now, compute the current ratios for 2024 and 2023 (Round your answers to two decimal places, XXX) Current ratio: 2024 2023 Ranfield, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses 2024 2023 $ 450,000 $424,000 244,000 215,000 215,000 200,000 134,000 132,000 Income From Operations 81,000 77,000 Interest Expense 10,000 15,000 Income Before Income Tax. 71,000 62.000 Income Tax Expense 19,000 27,000 S $2,000 $ 35.000 Requirement 1b. Compute the cash ratios for 2024 and 2023 Begin by selecting the formula to compute the cash ratio. Cash rato Now, compute the cash ratios for 2024 and 2023 (Round your answers to two decimal places, XXX) Net Income Cash ratio 2024 Print Done Comparative financial statement data of Ranfield, Inc. follow (Click the icon to view the income statement) (Click the icon to view the balance sheet) Requirement 1b. Compute the cash ratios for 2024 and 2023 Begin by selecting the formula to compute the cash ratio Cash ratio Now, compute the cash ratios for 2024 and 2023 (Round your answers to two decimal places, XXX) 2024 Cash ratio Prepaid Expenses Total Current Assets 2023 Ranfield, Inc. Comparative Balance Sheet December 31, 2024 and 2023 2024 2023 2022 Assets Current Assets Cash $ 91,000 $ 80,000 Accounts Receivables, Net 108 000 155,000 $100,000 Merchandise Inventory 150 000 161,000 200,000 10.000 8,000 305,000 372,000 Property, Plant, and Equipment, Net 216,000 172.000 $ 581,000 5 544,000 Total Assets 5506 000 Requirement 1c. Compute the times interest earned ratios for 2024 and 2023 Begin by selecting the formula to compute the times-interest-earned ratio: Times-interest-earned rabo = Now compute the times-interest-earned ratios for 2024 and 2023 (Round your answers to two decima Liabilities Total Current Liabilities $ 226,000 $ 245,000 Comparative financial statement data of Ranfield, Inc follow (Click the icon to view the income statement) (Click the icon to view the balance sheet) Merchandise Inventory Prepaid Expenses 150,000 161,000 209,000 16,000 8,000 Total Current Assets 365,000 372,000 Property, Plant, and Equipment, Net 216.000 172,000 $ 581,000 $ 544,000 Total Assets $590,000 Requirement 1c. Compute the times-interest earned ratios for 2024 and 2023 Begin by selecting the formula to compute the times interest earned ratio Times interestcared ratio Now, compute the times interest earned ratios for 2024 and 2023 (Round your answers to two decimal Times-interest-earned ratio Liabilities Total Current Liabilities Long-term Liabilities Total Liabilities 2024 2023 Requirement 1d. Compute the inventory tumover ratios for 2024 and 2023 Begin by selecting the formula to compute the inventory turnover ratio Inventory turnover rato Now, compute the inventory turnover.rabos for 2024 and 2023 (Round your answers to two decimal pl Inventory turnover ratio $ 226,000 $245,000 116,000 98,000 342,000 343,000 Stockholders' Equity Preferred Stock, 4% 104,000 104,000 135,000 97,000 00,000 Common Stockholders' Equity, no par 5 581,000 5 $44,000 Total Liabilities and Stockholders' Equity Selected 2022 amounts Print Done Additional Financial Information 1. Market price of Ranfield's common stock: $61.56 at December 31, 2024, and $40.29 at December 31, 2023 2, Common shares outstanding: 15,000 on December 31, 2024 and 13,000 on December 31, 2023 and 2022 3. All sales are on credit. Print one Requirements 1. Compute the following ratios for 2024 and 2023: 2. 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. Price/earnings ratio Decide (a) whether Ranfield's ability to pay debts and to sell inventory improved or deteriorated during 2024 and (b) whether the investment attractiveness of its common stock appears to have increased or decreased. Print Done or
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