Comparative financial statement data of Banfield, Inc. follow (Click the icon to view the income statement) (Click the icon to view the balance sheet) (Cick the icon to view the additional financial information) 1 Read the requirements Requirement 1a. Compute the current ratios for 2024 and 2023. Begin by selecting the formula to compute the current ratio Current ratio W Now compute the current ratios for 2024 and 2023 (Round your answers to two decimal places, XXX) 2024 2023 Current ratio Requirement 1b. Compute the cash ratios for 2024 and 2023 access_status opted-in&historyid=98257_T_239615132 28wl_access_date= te Income Statement Banfield, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 2024 2023 Net Sales Revenue $ 468,000 $ 431,000 244,000 211,000 Cost of Goods Sold Gross Profit 224,000 220,000 139,000 137,000 Operating Expenses Income From Operations 85,000 83,000 11.000 17,000 Interest Expense Income Before Income Tax 74,000 66,000 Print Done - nslate Income Statement Years Ended December 31, 2024 and 2023 2024 2023 Net Sales Revenue $ 468,000 $ 431,000 244,000 211,000 Cost of Goods Sold Gross Profit 224,000 220,000 139,000 137,000 Operating Expenses Income From Operations 85,000 83,000 Interest Expense 11,000 17,000 wers Income Before Income Tax 74,000 66,000 Income Tax Expense 20,000 23,000 $ 54,000 $ 43,000 Net Income Print Done - - X alance Sheet Banfield, Inc. Comparative Balance Sheet December 31, 2024 and 2023 2024 2023 2022* Assets Current Assets: Cash $ 92,000 $ 91,000 Accounts Receivables, Net 112,000 116,000 $ 104,000 Merchandise Inventory 145,000 163,000 210,000 13,000 Prepaid Expenses Total Current Assets 9,000 362,000 379,000 040.000. 230.000. Print Done spx?wl_access_status=opted-in&historyid=98257_T_239615132_2&wl_access_date=2022 Translate Balance Sheet 13,000 9,000 Prepaid Expenses Total Current Assets 362,000 379,000 216,000 176,000 Property, Plant, and Equipment, Net $ 578,000 $ 555,000 Total Assets $597,000 Liabilities Total Current Liabilities Long-term Liabilities Total Liabilities Stockholders' Equity Preferred Stock, 6% $ 228,000 $ 243,000 122,000 96,000 350,000 339,000 94,000 94,000 Translate Balance Sheet Total Assets 578,000 $ 555,000 $597,000 Liabilities Total Current Liabilities $ 228,000 $ 243,000 Long-term Liabilities 122,000 96,000 Total Liabilities 350,000 339,000 Stockholders' Equity Preferred Stock, 6% 94,000 94,000 Common Stockholders' Equity, no par 134,000 122,000 92,000 $ 578,000 $ 555,000 Total Liabilities and Stockholders' Equity * Selected 2022 amounts Print Done 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 Banfield'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. Requirement 1a. Compute the current ratios for 2024 and 2023, Begin by selecting the formula to compute the current ratio. Current ratio Now, compute the current ratios for 2024 and 2023. (Round your answers to two decimal places, X.XX) 2024 2023 Current ratio Requirement 1b. Compute the cash ratios for 2024 and 2023. (Click the icon to view the balance sheet.) 2023 Requirement 1b. Compute the cash ratios for 2024 and 2023. Begin by selecting the formula to compute the cash ratio. Cash ratio Now, compute the cash ratios for 2024 and 2023 (Round your answers to two decimal places, XXX) 2024 2023 Cash ratio Requirement 1c. Compute the times-interest-earned ratios for 2024 and 2023. Read the n Comparative financial statement data of Banfield, Inc. follow. (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) Requirement 1c. Compute the times-interest-earned ratios for 2024 and 2023. Begin by selecting the formula to compute the times-interest-earned ratio. Times-interest-earned ratio Now, compute the times-interest-earned ratios for 2024 and 2023. (Round your answers to two decimal places, XXX.) Times-interest-earned ratio 2024 2023 Requirement 1d. Compute the inventory turnover ratios for 2024 and 2023. Begin by selecting the formula to compute the inventory turnover ratio. (Click the icon to view Read the requirements ame Requirement 1c. Compute the times-interest-earned ratios for 2024 and 2023 Begin by selecting the formula to compute the times-interest-earned ratio. Times-interest-earned ratio. Now, compute the times-interest-earned ratios for 2024 and 2023 (Round your answers to two decimal places, XXX.) Times-interest-earned ratio 2024 2023 Requirement 1d. Compute the inventory turnover ratios for 2024 and 2023. Begin by selecting the formula to compute the inventory turnover ratio (Click the icon to view the income statement.) (Click the icon to view the balance sheet) EVEJ Requirement 1d. Compute the inventory turnover ratios for 2024 and 2023. Begin by selecting the formula to compute the inventory turnover ratio. Inventory turnover ratio Now, compute the inventory turnover ratios for 2024 and 2023 (Round your answers to two decimal places, XXX) 2024 2023 Inventory turnover ratio Requirement 1e. Compute the gross profit percentage for 2024 and 2023 (Click the icon to view Read the requirements Comparative financial statement data of Banfield, Inc. follow (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) (Click the icon to view the additional financial Read the requirements Requirement 1e. Compute the gross profit percentage for 2024 and 2023. Begin by selecting the formula to compute the gross profit percentage Gross profit percentage Now, compute the gross profit percentage for 2024 and 2023. (Round your answers to one tenth of a percent, XX. Do not enter the % For example, enter 10.2% as 10.2.) Gross profit% 2024 2023 % Requirement 1f. Compute the debt to equity ratios for 2024 and 2023 Begin by selecting the formula to compute the debt to equity ratio (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) Requirement 1f. Compute the debt to equity ratios for 2024 and 2023. Begin by selecting the formula to compute the debt to equity ratio. Debt to equity ratio = Now, compute the debt to equity ratios for 2024 and 2023. (Round your answers to two decimal places. XXX) 2024 2023 Debt to equity ratio Requirement 1g. Compute the rate of return on common stockholders' equity for 2024 and 2023. Rea Comparative financial statement data of Banfield, Inc. follow (Click the icon to view the income statement.) (Click the icon to view the balance sheet) 2023 Requirement 1g. Compute the rate of return on common stockholders' equity for 2024 and 2023. Begin by selecting the formula to compute the rate of return on common stockholders' equity Rate of return on common (Click the icon to view the additional financial information) Read the requirements COD stockholders' equity Now, compute the rate of return on common stockholders' equity for 2024 and 2023 (Round your answers to one tenth of a percent, XX. Do not enter the % For example entir 10.2% as 10.2 Rate of return on common stockholders equity % 2024 Now, Comparat UCUN OLUN VE GEVEN. ( your area na porcen 2024 2023 Rate of return on common stockholders' equity% % % Requirement 1h. Compute the earnings per share of common stock for 2024 and 2023. Begin by selecting the formula to compute the earnings per share of common stock. Earnings per share Now, compute the earnings per share for 2024 and 2023. (Round your answers to the nearest cent, SX.XX.) Farminne nar chara (Click the icon to view the balance sheet.) Read the requirements. carnings per snare Now, compute the earnings per share for 2024 and 2023. (Round your answers to the nearest cent, $XXX.) 2024 2023 Earnings per share of common stock Requirement 11. Compute the price/earnings ratio for 2024 and 2023. Begin by selecting the formula to compute the price/earnings ratio.. Price/earnings ratio Now, compute the price/earnings ratio for 2024 and 2023. (Round your interim calculations and final answers to two decimal places, XXX.) Comparative financial statement data of Banfield, Inc. follow (Click the icon to view the income statement.) (Click the icon to view the balance sheet) (Click the icon to view the additional financial information) Read the s CELL Now, compute the pricalsamings ratio for 2024 and 2023 (Round your interim calculations and final answers to two decimal places, XXX) Pricelearnings ratio 2024 2023 Requirement 2. Decide (a) whether Bandelds ability to pay debts and to sell inventory improved or deteriorated during 2024 and thi whether the incestmont attractiveness of its common stock appears to have decreased (e) Dit Bandeld's ability to pay its debts and to sell inventory improve or deteriorats during 20247 Did the investment attractiveness of Banfield's common stock appear to have increased or decreased