Question
Comparative financial statement data of Canfield, Inc., follow (Click the icon to view the income statements.) (Click the icon to view the balance sheets.)
Comparative financial statement data of Canfield, Inc., follow (Click the icon to view the income statements.) (Click the icon to view the balance sheets.) 1. Market price of Canfield's common stock: $50.00 at December 31, 2020, and $33.49 at December 31, 2019 Common shares outstanding: 12,000,000 during 2020 and 12,000,000 during 2019 2. 3. All sales are credit sales Read the requirements Requirement 1. Compute the following ratios for 2020 and 2019. (Round all ratios to two decimal places.) 2020 2019 a. Current ratio 1.75 1.70 2020 2019. b. Times-interest-earned ratio 2020 2019 e. Inventory turnover d. Operating income percentage e. Return on common stockholders' equity 2020 2019 2020 2019
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