Comparative financial statement data of Banfield, Inc. follow: (Click the icon to view the income statement.) i (Click the icon to view the additional financial information.) (Click the icon to view the balance sheet.) Read the requirements X Requirement 1a. Compute the current ratios for 2024 and 2023. Balance sheet Begin by selecting the formula to compute the current ratio. X Additional financial information Current ratio Banfield, Inc. Now, compute the current ratios for 2024 and 2023. (Round your answers to two decimal places, X.XX.) 1. Market price of Banfield's common stock: $55.08 at December 31, 2024, and $26.91 at December 31, 2023. Comparative Balance Sheet 2. Common shares outstanding: 15,000 on December 31, 2024 and 14,000 on December 31, 2023 and 2022. Current ratio 3. All sales are on credit. December 31, 2024 and 2023 2024 2023 2022* 2024 2023 Assets Requirement 1b. Compute the cash ratios for 2024 and 2023. Print Done Current Assets: Cash $ 92,000 $ 90,000 Begin by selecting the formula to compute the cash ratio. Accounts Receivables, Net 108,000 118,000 $ 103,000 Cash ratio Merchandise Inventory 144,000 159,000 211,000 Now, compute the cash ratios for 2024 and 2023. (Round your answers to two decimal places, X.XX.) 9.000 Prepaid Expenses 17,000 Cash ratio Total Current Assets 361,000 376,000 2024 173,000 X Property, Plant, and Equipment, Net 220,000 2023 Income statement $ 581,000 $ 549,000 Total Assets $602,000 Requirement 1c. Compute the times-interest-earned ratios for 2024 and 2023. Liabilities Begin by selecting the formula to compute the times-interest-earned ratio. Banfield, Inc. Total Current Liabilities $ 228,000 $ 241,000 Times-interest-earned ratio Comparative Income Statement Long-term Liabilities 119,000 94,000 Now, compute the times-interest-earned ratios for 2024 and 2023. (Round your answers to two decimal places, X.XX.) Years Ended December 31, 2024 and 2023 Total Liabilities 347,000 335,000 2024 2023 Times-interest-earned ratio Net Sales Revenue $ 463,000 $ 426,000 Stockholders' Equity 2024 Cost of Goods Sold 242,000 216,000 Preferred Stock, 6% 100,000 100,000 2023 Gross Profit 221,000 210,000 Common Stockholders' Equity, no par 134,000 114,000 88,000 Requirement 1d. Compute the inventory turnover ratios for 2024 and 2023. 136,000 Operating Expenses 138,000 581,000 $ 549,000 Total Liabilities and Stockholders' Equity Begin by selecting the formula to compute the inventory turnover ratio. Income From Operations 83,000 74,000 Selected 2022 amounts Inventory turnover ratio 10.00 15,000 Interest Expense Now, compute the inventory turnover ratios for 2024 and 2023. (Round your answers to two decimal places, X.XX.) Income Before Income Tax 73,000 59,000 20,000 24,000 Inventory Income Tax Expense Print Done turnover ratio $ 53,000 $ 35,00 Net Income 2024 2023 Requirement 1e. Compute the gross profit percentage for 2024 and 2023. Done Begin by selecting the formula to compute the gross profit percentage. Print Gross profit percentageComparative financial statement data of Banfield, Inc. follow: (Click the icon to view the income statement.) i (Click the icon to view the additional financial information.) (Click the icon to view the balance sheet.) Read the requirements Begin by selecting the formula to compute the inventory turnover ratio. - X - X ance sheet Inventory turnover ratio Additional financial information Now, compute the inventory turnover ratios for 2024 and 2023. (Round your answers to two decimal places, X.XX.) Banfield, Inc. Inventory 1. Market price of Banfield's common stock: $55.08 at December 31, 2024, and $26.91 at December 31, 2023. turnover ratio 2. Common shares outstanding: 15,000 on December 31, 2024 and 14,000 on December 31, 2023 and 2022. Comparative Balance Sheet 3. All sales are on credit. 2024 December 31, 2024 and 2023 2023 2024 2023 2022* Requirement 1e. Compute the gross profit percentage for 2024 and 2023. Assets Print Done Begin by selecting the formula to compute the gross profit percentage. Current Assets: Cash $ 92,000 $ 90,000 Gross profit percentage Accounts Receivables, Net 108,000 118,000 $ 103,000 Now, compute the gross profit percentage for 2024 and 2023. (Round your answers to one tenth of a percent, X.X. Do not enter the %. For example, enter 10.2% as 10.2.) Merchandise Inventory 44,000 159,000 211,000 Gross profit % 17,000 9.000 Prepaid Expenses 2024 1% Total Current Assets 361,000 376,000 2023 220,000 173,000 X Property, Plant, and Equipment, Net Requirement 1f. Compute the debt to equity ratios for 2024 and 2023. Income statement 581,000 $ 549,000 Total Assets $602,000 Begin by selecting the formula to compute the debt to equity ratio. Liabilities Debt to equity ratio Banfield, Inc. Total Current Liabilities $ 228,000 $ 241,000 Now, compute the debt to equity ratios for 2024 and 2023. (Round your answers to two decimal places, X.XX.) Comparative Income Statement 119,000 94,000 Long-term Liabilities Debt to Years Ended December 31, 2024 and 2023 Total Liabilities 347,000 335,000 equity ratio 2024 2023 2024 Net Sales Revenue $ 463,000 $ 426,000 Stockholders' Equity 2023 Cost of Goods Sold 242,000 216,000 Preferred Stock, 6% 100,000 100,000 Requirement 1g. Compute the rate of return on common stockholders' equity for 2024 and 2023. Gross Profit 221,000 210,000 Common Stockholders' Equity, no par 134,000 114,000 88,000 Begin by selecting the formula to compute the rate of return on common stockholders' equity. Operating Expenses 138,000 136,000 549,000 Total Liabilities and Stockholders' Equity $ 581,000 $ Rate of return on common Income From Operations 83,000 74,000 * Selected 2022 amounts stockholders' equity 10,000 15,000 Interest Expense Now, compute the rate of return on common stockholders' equity for 2024 and 2023. (Round your answers to one tenth of a percent, X.X. Do not enter the Income Before Income Tax 73,000 59,000 Rate of return on 20,000 24,000 common stockholders' Income Tax Expense Print Done equity % 53,000 $ 35,000 Net Income 2024 1% 2023 1% Requirement 1h. Compute the earnings per share of common stock for 2024 and 2023. Print Done Begin by selecting the formula to compute the earnings per share of common stock