Additional Financial Information Balance Sheet 1. Market price of Sanfield's corrimon stock: $51.48 at December 31, 2018, and $37.08 at December 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. Sanfield, Inc Comparative Balance Sheet December 31, 2018 and 2017 Print Done 2018 2017 2016 Incame Statement Assets Current Assets: Requirements $ 99,000$ 97,000 Cash Sanfield, Inc. 117,000 S 100,000 Accounts Receivables, Net 109,000 Comparative Income Statement Merchandise Inventory 142,000 164,000 207,000 Years Ended December 31, 2018 and 2017 1. Compute the following ratios for 2018 and 2017: a. Current ratio 15,000 5,000 2018 2017 Prepaid Expenses b. Cash ratio c. Times-interest-eamed ratio d. Inventory turnover e. Gross profit percentage f. Debt to equity ratio Total Current Assets 365,000 383,000 462,000$ 430,000 Net Sales Revenue 177,000 236,000 215,000 213,000 Property. Plant, and Equipment, Net Cost of Goods Sold 560,000 599.000 $ 580,000$ Gross Profit 217,000 226,000 Total Assets g. Rate of return on common stockholders' equity h. Eanings per share of common stock i. Priceearnings ratio 2. Decide (a) whether Sanfield's ability to pay debts and to sell inventory improved or detericrated during 2018 and (b) whether the investment attractiveness of its common stock appears to have increased or decreased. 135,000 133,000 Operating Expenses Liabilities Income From Operations $ 222,000 $ 244,000 91,000 84,000 Total Current Liabilities 8,000 12,000 113,000 92,000 Long-tern Liabilities Interest Expense 336,000 Income Before Income Tax 83,000 72,000 Total Liabilities 335,000 18,000 22,000 Income Tax Exse Print Done $ 65,000 $ 50,000 Net Income Print Done Comparative financial statement data of Sanfield, Inc. follow: i (Click the icon to view the additional financial information.) (Click the icon to view the income statement.) Read the requirements (Click the icon to view the balance sheet.) Requirement 1a. Compute the current ratios for 2018 and 2017. Begin by selecting the formula to compute the current ratio. Current ratio