132 Sec01 Live Without the Drive Fall21 = Homework: Chapter 15 Homework parative financial statement data of Hanfield, Inc. follow: (Click the icon to view the income statement.) Click the icon to view the balance sheet.) gin by selecting the formula to compute the cash ratio. ash ratio = (Cash + Cash equivalents) + Total current liabilities cow.compute the cash ratios for 2018 and 2017. (Round your answers to two decimal places, X.XX.) Cash ratio 2018 0.41 2017 0.37 Requirement 1c. Compute the times-interest-earned ratios for 2018 and 2017. Begin by selecting the formula to compute the times-interest-earned ratio. Times-interest-earned ratio (Net Income + Income tax expense + Interest expense) + Interest expense Now.compute the times interest-earned ratios for 2018 and 2017. (Round your answers to two decimal places, X Times-interest-earned ratio 2018 7.09 2017 5.54 Requirement 1d. Compute the inventory tumover ratios for 2018 and 2017. Begin by selecting the formula to compute the inventory turnover ratio. Inventory turnover ratio Help Me Solve This DemoDocs Example Get More Help - come Statement 2018 2017 2016 Assets Current Assets S 90,000 92,000 $ 110,000 Cash Accounts receivables, Net Merchandise Inventory Prepaid Expenses Total Current Assets Property, Plant, and Equipment, Net 143,000 13,000 119,000 $ 101,00 161,000 210,00 10,000 358,000 211.000 Hanfield, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 Net Sales Revenue $ 460,000 $ 426,000 Cost of Goods Sold 243,000 217,000 Gross Profit 217.000 209,000 Operating Expenses 139,000 137.000 Income From Operations 78,000 72.000 11,000 13,000 Interest Expense Income Before Income Tax 67,000 59,000 Income Tax Expense 19,000 26,000 S 48,000 $ 33,000 Net Income 380,000 174,000 $ 569,000 $ 554,000 Total Assets 5597,000 Liabilities Total Current Liabilities $ 223,000 $ 243,000 120,000 100,000 Long-term Liabilities Total Liabilities 343,000 343.000 Stockholders' Equity Preferred Stock. 5% 102 000 102.000 y selecting the formula atio = (Cash + Cas Average merchandise inventory + Net sales revenue (Cash + Cash equivalents) - Total current liabilities compute the cash ratios (Cash + Accounts receivable, net) - Total current liabilities Cash ratio 0.41 Cost of goods sold + Average merchandise inventory 0.37 Gross profit + Net sales revenue uirement 1c. Compute the Market price per share of common stock + Earnings per share by selecting the formula nes-interest-earned ratio (Net Income + Income tax expense + Interest expense) + Interest expense ew.compute the times-intere (Net income - Preferred dividends) + Average common stockholder's equity Times-interest (Net income - Preferred dividends) + Weighted average number of common shares outstanding ratio 2018 Total current assets + Total current liabilities 2017 Requirement 1d. Compute the Total equity - Total liabilities Begin by selecting the formula Total liabilities - Total equity Inventory turnover ratio Help Me