Com Balance sheets 1 2 Maladies, 12.000.000 2000 2001 2 Income statements 2 | Complete December 2018 HOM S IB 10 1 1 Current 7 Dard Com For the demand 2018 med 2008 2018 8 . 2013 C Trend 10.00 100 1.000.000 12.00 WE 2011 10 BI Prep Tui 21 CE 2020 2018 10.000.000 200 ETRO LO DOT DO d. als 100 2000 2018 10.000 100 15 cm 120.000 20.000 0 1000 2013 OLE The HOE 000 her comment 2030 101 Press Dom P Done 11 Maquim 2. Dewey dotted to Dwory 200 Done bitworten Tunemang Next B 1 Danfield, Inc. Comparative Balance Sheets N es December 31, 2020 and 2019 (amounts in thousands) 4 5 6 2020 2019 2018" Assets 7 Current assets: 8 Cash 9 Accounts receivable 10 Inventory 11 Prepaid expenses 12 Total current assets $ 94,000 $ 95,000 111,500 142,000 $ 101,000 135,000 145,000 $ 215,000 11,500 8,000 $ 352,000 $ 390,000 208,000 173,000 $ 560,000 $ 563,000 13 Property, plant, and equipment, net 14 Total assets 15 Liabilities 16 Current liabilities $ 220,000 $ 260,000 98,000 5,000 $ 318,000 $ 265,000 17 Long-term liabilities 18 Total liabilities 19 Stockholders' equity 20 Preferred stock, 5% 21 Total common stockholders' equity $ 110,000 $ 110,000 132,000 188,000 $ 52,000 Print Done B 1 1 Danfield, Inc. Comparative Income Statements N 3 For the Years Ended December 31, 2020 and 2019 4 (amounts in thousands) 5 2020 2019 6 Sales revenues $ 423,260 456,650 $ 245,000 216,000 7 Less: Cost of goods sold 8 Gross profit 9 Less: Operating expenses $ 211,650 $ 207,260 131,000 $ 135,000 76,650 $ 10,500 10 Operating income 11 Less: Interest expense 76,260 12,400 12 Income before income taxes $ $ 66,150 $ 63,860 13 Less: Income tax expense 7,850 24,760 14 Net income $ 58,300 $ 39,100 Print Done Requirement 1. Compute the following ratios for 2020 and 2019. (Round all ratios to tw 2019 2020 1.11 a. Current ratio 2.12 2019 b. Times-interest-earned ratio 2020 I 7.3 2020 2019 C. Inventory turnover 2020 2019 d. Operating income percentage 2020 2019 e. Return on common stockholders' equity 2020 f. Earnings per share of common stock 2019 2020 2019 g. Pricelearnings ratio Requirement 2. Decide (a) whether Danfield's ability to pay debts and to sell inventory im a. Danfield's ability to pay its debts and to sell inventory during 2020. Enter any number in the edit fields and then continue to the next