2017 RNGREN'S/ Problem lution Tem Comparative financial statement data of Sanfield, Inc. follow SANPIELD INC Comparative Balance Sheet December 31, 2018 and 2017 SANFIELD, INC Comparative Income Statement Years Ended December 31, 2018 and 2017 2016" 2018 J012 Assets 2017 2018 Cerent Aet $ 462,000 236.000 Sales Revenue $430.000- Cash $ 98000 s 97000 Cost of Goods Sold 213,000 A t Rcevable, Mehande Inentory Pepad Expens Total Current Auset 1o.00 s 100.000 117.000 Gross Profit 142.000 207.000 226,000 164.000 217,000 15000 s5000 Operating Expenses 135.000 91,000 133,000 M5000 81.000 income from Operations Interest Expense 84.000 Praperty Pass and Equigeent Net teeal Asse 215.000 172.000 8.000 s 59.000- 12.000 income Before income Tax 81.000 72.000 Labilities income Tax Expense 18,000 Total Curent Lia Longterme L tetal Laties 22,000 3 244.000 s 222.000 Net Income s 65,000 S s0,000 113000 92.000 336,000 35000 Stockholdens Equity Pemed Steck, 45 s2.000 92.000 Comn Stholdery Eqaity, no part foal Liab and Stockholder Equity s3000 132.000 as.p00 s 540,000 Selected 2016 amounts HORNGREN'S Solution Tem Prohl 2017 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 md 15.000 og December 31, 2017 pat and 2016. 3. All sales are on credit Requirements 1. Compute the following ratios for 2018 and 2017 a. Current ratio b. Cash ratio c. Times-interest-eamed ratio d. Inventory tumover e. Oross profit percemtage f. Debt to equity ratio g. Rate of retarn on common stockholders' equity h. Eamings per share of common stock L 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. Note: Write the applicable formula from the Power Point in the column titled Formula" in the first solution template and then show the 2018 and 2017 calculations and answers in the two columns to the right HORNGRENS Seluton Tem 1. Mrket pnice of Sanfleld's common stock: $51.48 at December 31, 2018, and $37.08 at Decemmber 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. Requirements 1. Compute the following ratios for 2018 and 2017 a. Curent ration b. Cah atio c Time-interest-eamed ratio d. Inventory tumover e Gross profit percentage r. Debt to equity ratio g. Rate of rehum on common stockholders equity h. Eamings per share of common stock L Priceleamings 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. Note: Write the applicable forrmula from the Power Point in the column titled 'Formula in the first solution template and then show the 2018 and 2017 calculations and answers in the two columns to the right 2017 RNGREN'S/ Problem lution Tem Comparative financial statement data of Sanfield, Inc. follow SANPIELD INC Comparative Balance Sheet December 31, 2018 and 2017 SANFIELD, INC Comparative Income Statement Years Ended December 31, 2018 and 2017 2016" 2018 J012 Assets 2017 2018 Cerent Aet $ 462,000 236.000 Sales Revenue $430.000- Cash $ 98000 s 97000 Cost of Goods Sold 213,000 A t Rcevable, Mehande Inentory Pepad Expens Total Current Auset 1o.00 s 100.000 117.000 Gross Profit 142.000 207.000 226,000 164.000 217,000 15000 s5000 Operating Expenses 135.000 91,000 133,000 M5000 81.000 income from Operations Interest Expense 84.000 Praperty Pass and Equigeent Net teeal Asse 215.000 172.000 8.000 s 59.000- 12.000 income Before income Tax 81.000 72.000 Labilities income Tax Expense 18,000 Total Curent Lia Longterme L tetal Laties 22,000 3 244.000 s 222.000 Net Income s 65,000 S s0,000 113000 92.000 336,000 35000 Stockholdens Equity Pemed Steck, 45 s2.000 92.000 Comn Stholdery Eqaity, no part foal Liab and Stockholder Equity s3000 132.000 as.p00 s 540,000 Selected 2016 amounts HORNGREN'S Solution Tem Prohl 2017 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 md 15.000 og December 31, 2017 pat and 2016. 3. All sales are on credit Requirements 1. Compute the following ratios for 2018 and 2017 a. Current ratio b. Cash ratio c. Times-interest-eamed ratio d. Inventory tumover e. Oross profit percemtage f. Debt to equity ratio g. Rate of retarn on common stockholders' equity h. Eamings per share of common stock L 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. Note: Write the applicable formula from the Power Point in the column titled Formula" in the first solution template and then show the 2018 and 2017 calculations and answers in the two columns to the right HORNGRENS Seluton Tem 1. Mrket pnice of Sanfleld's common stock: $51.48 at December 31, 2018, and $37.08 at Decemmber 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. Requirements 1. Compute the following ratios for 2018 and 2017 a. Curent ration b. Cah atio c Time-interest-eamed ratio d. Inventory tumover e Gross profit percentage r. Debt to equity ratio g. Rate of rehum on common stockholders equity h. Eamings per share of common stock L Priceleamings 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. Note: Write the applicable forrmula from the Power Point in the column titled 'Formula in the first solution template and then show the 2018 and 2017 calculations and answers in the two columns to the right