9 of 9 (5 complete) Score: 0 of 2 pts P17-27A (book/static) Comparative financial statement data of Sanfield, Inc. follow: (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) (Click the icon to Read the requirement * 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. Price/earnings 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 1B Winter 2021 Online 9 of 9 (5 complete) Homework: Chapter Seventeen Homework Score: 0 of 2 pts P17-27A (book/static) Balance Sheet Income Statement - X bial informatior Sanfield, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 2016" $ 99,000 $ 97,000 Assets Current Assets Cash Accounts Receivables, Net Merchandise Inventory Prepaid Expenses Total Current Assets Property, Plant, and Equipment, Net Total Assets Liabilities 109,000 142,000 15,000 117,000 $ 100,000 164,000 207.000 5,000 Sanfield, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 Net Sales Revenue $ 462,000 $ 430,000 236.000 213,000 Cost of Goods Sold Gross Profit 226,000 217.000 135,000 133,000 Operating Expenses Income From Operations 91,000 84,000 8,000 12,000 Interest Expense Income Before Income Tax 83,000 72,000 18.000 Income Tax Expense 22,000 $ 65,000 $ 50,000 Net Income 365,000 215,000 383.000 177,000 $ 580,000 $ 560,000 $599,000 Total Current Liabilities $ 222,000 $ 244,000 Print Done Print Done