Answer questions 1 and 2 please. I will give you a good rating if all parts are completed!

1. Compute the following ratios and their formula for 2024 and 2023:

a. Current Ratio

b. Cash Ratio

c. Times-interest-earned Ratio

d. inventory turnover

e. Gross profit percentage

f. Debt equity ratio

g. Rate of return on common stockholders equity

h. Earnings per share of common

i. Price/earnings ratio.

2. Decide whether (a) Panfield ability to pay debts and to sell inventory improved or deteriorated during 2024 and (b) whether the investment attractiveness of its common stock appears to have increased or decreased.

Comparative financial statement data of Panfield, Inc. follow: (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) (i) (Click the icon to view the additional financial information.) Read the equirements. Requirement 1a. Compute the current ratios for 2024 and 2023. Begin by selecting the formula to compute the current ratio. Current ratio = Total current assets + Total current liabilities Now, compute the current ratios for 2024 and 2023. (Round your answers to two decimal places, X.XX.) Panfield, Inc. Comparative Income Statement Voare Endad Dacamber 31. 2024 and 2023 Panfield, Inc. Comparative Balance Sheet December 31,2024 and 2023 \begin{tabular}{rrr} 2024 & 2023 & 2022 \\ \hline \end{tabular} Assets Current Assets: \begin{tabular}{|c|c|c|c|c|} \hline Cash & $ & 92,000$ & 89,000 & \\ \hline Accounts Recelvables, Net & & 111,000 & 120,000$ & 104,000 \\ \hline Merchandise Inventory & & 147,000 & 161,000 & 210,000 \\ \hline Prepaid Expenses & & 20,000 & 10,000 & \\ \hline Total Current Assets & & 370,000 & 380,000 & \\ \hline Property, Plant, and Equipment, Net & & 217,000 & 175,000 & \\ \hline Total Assets & s & 587,000s & 555,000 & $596,000 \\ \hline \multicolumn{5}{|l|}{ Liabilities } \\ \hline Total Current Llabilities & \$ & 229,000s & 242,000 & \\ \hline Long-term Liabilities & & 123,000 & 93,000 & \\ \hline Total Liabilities & & 352,000 & 335,000 & \\ \hline \multicolumn{5}{|l|}{ Stockholders' Equity } \\ \hline Preferred Stock, 4% & & 98,000 & 98,000 & \\ \hline Common Stockholders' Equity, no par & & 137,000 & 122,000 & 93,00 \\ \hline Total Llabilities and Stockholders' Equity & $ & 587,000$ & 555,000 & \\ \hline \end{tabular} * Selected 2022 amounts Additional Financial Information 1. Market price of Panfield's common stock: $68.17 at December 31,2024 , and $41.92 at December 31,2023. 2. Common shares outstanding: 14,000 on December 31,2024 and 13,000 on December 31,2023 and 2022. 3. All sales are on credit. Requirements 1. Compute the following ratios for 2024 and 2023 : 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 Panfield's ability to pay debts and to sell inventory improved or deteriorated during 2024 and (b) whether the investment attractiveness of its common stock appears to have increased or decreased