Comparative financial statement data of Banfient, Inc. follow Ck the loan to view the income statement) Requirement 1a. Compute the current ratio for 2004 and 2023 Begin by selecting the formula to compute the current ratio Cumentrado Tutal current als Total curent latuities Now, compute the current ratios for 2024 and 2023 (Round your answers to two decimal places, XXXX) 2024 Current ratio 2023 Read thes Clear all ratios for 2024 and 2023, ute the current ratio. +Total current liabilities and 2023. (Round your an Requirements 1. Compute the following ratios for 2024 and 2023: 2. 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 1. Price/eamings ratio. 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 Print Done CITED nt ratios for 2024 and 2023. pute the curre s Total cur 024 and 2023 Additional Financial Information 1. Market price of Banfield's common stock: $88.05 at December 31, 2024, and $51.38 at December 31, 2023 2. Common shares outstanding: 11,000 on December 31, 2024 and 10,000 on December 31, 2023 and 2022 3. All sales are on credit. Print Done -X at ratios for 2024 and 2023. pute the current ratio. is Total current liabilities: 24 and 2023. (Round your answers to two Income Statement Banfield, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 Net Sales Revenue Cost of Goods Sold 2024 2023 $ 466,000 $428,000 235,000 216,000 Gross Profit 231,000 212.000 Operating Expenses 136.000 134,000 Income From Operations 95,000 78,000 Interest Expense 10,000 14,000 Income Before Income Tax 85,000 64,000 19,000 23.000 Income Tax Expense 66,000 $ 41,000 Net Income Print Done view the balance sheet) mpute the current ratios for 2024 and 2023. formula to compute the current ratio. otal current assets Total current liabilities ment ratios for 2024 and 2023. (Round your i tio Banfield, Inc Comparative Balance Sheet December 31, 2024 and 2025 2024 2023 2022 Assets Current Assets Cash 90,000 $ 68,000 Accounts Receivables, Net 114.000 115,000 $100,000 Merchandise Inventory 145.000 163.000 20.000 13.000 6.000 Prepaid Expenses Total Current Assets 300.000 572.000 212.000 170.000 Property, Plant, and Equipment, Net $ 578,000 $ Total Assets 551,000 $57.000 Liabilities Total Current Liabilities $ 230,000 $ 243,000 114.000 95,000 Long-term Liabilities 344,000 338.000 Total Liabilities Print Done Clear all Check anewer