1.a.

Current ratio of 2017 =

Current ratio of 2018 =

1.b.

Cash ratio of 2017 =

Cash ratio of 2018 =

=

=

1.c.

Times-interest earned ratio of 2017 =

Times-interest earned ratio of 2018 =

=

=

1.d.

Inventory turnover of 2017 =

=

=

=

Inventory turnover of 2018 =

=

=

=

1.e.

GP percentage of 2017 = (GP / NetRevenue) 100

=

=

GP percentage of 2018 =

=

=

1.f.

Debt to equity ratio of 2017 =

=

=

Debt to equity ratio of 2018 =

=

=

1.g.

Return on equity of 2017 =

=

=

Return on equity of 2018 =

=

=

1.h.

Price/earnings ratio =

P17-27A (book/static) (Click the icon to view the additional financial information.) Comparative financial statement data of Sanfield, Inc. follow: (Click the icon to view the income statement.) (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 = Total current assets/Total current liabilities Now, compute the current ratios for 2018 and 2017. (Round your answers to two decimal places, XXX) 2018: 2017: Additional Financial Information 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: 10,000 on December 31, 2018 and 15,000 on December 31, 2017 and 2016 3. All sales are on credit Enter any number Print Done Acti Go to 18 remaining Balance Sheet - X come Statement Sanfield, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 Sanfield, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 2017 2016 Not Sales Revenue Cost of Goods Sold $ 462,000 $ 430,000 236,000 213,000 Assets Current Assets: Cash Accounts Receivables, Net Merchandise Inventory $ Gross Profit 99,000 $ 109,000 142,000 15,000 365,000 215,000 97,000 117,000 $ 100,000 164,000 207.000 5,000 383,000 177,000 226,000 135,000 91,000 8,000 Operating Expenses Income From Operations Interest Expense Income Before Income Tax 217.000 133,000 84,000 12.000 Prepaid Expenses Total Current Assets 83,000 72,000 0.00 Denuh Diantart Erment Net Print Done Print Done Activate Window Go to Settings to activa $ 580,000 $ 560,000 $599,000 Years Ended December 31, 2018 and 2017 2018 2017 Total Assets Liabilities Total Current Liabilities Long-term Liabilities Total Liabilities $ 222,000 $ 113,000 244,000 92,000 335,000 336,000 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Income From Operations Interest Expense Income Before Income Tax Stockholders' Equity Preferred Slock, 4% Common Stockholders' Equity, no par Total Liabilities and Stockholders' Equity * Selected 2016 amounts $ 462,000 $ 430,000 236,000 213,000 226,000 217,000 135,000 133,000 91,000 84,000 8,000 12,000 83,000 72,000 18,000 22,000 $ 65,000 $ 50,000 92,000 153,000 580,000 $ 92,000 132,000 560,000 85,000 $ Income Tax Expense Net Income