Comparative financial statement data of Garfield, Inc. follow: (Click the icon to view the income statement.) (1) (Click the icon to view the additional financial (Click the icon to view the balance sheet.) information.) Read the reguirements. Garfield, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 \begin{tabular}{l} Garfield, Inc. \\ Comparative Balance Sheet \\ December 31, 2024 and 2023 \\ \hline \end{tabular} Current Assets: \begin{tabular}{lrrr} \multicolumn{1}{c}{ Stockholders' Equity } & & \\ \hline Preferred Stock, 3\% & 98,000 & 98,000 \\ Common Stockholders' Equity, no par & 142,000 & 122,000 \\ \cline { 2 - 4 } & $584,000 & $ & 566,000 \\ \hline \end{tabular} - Selected 2022 amounts 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.X.) Now, compute the current ratios for 2024 and 2023. (Round your answers to two decimal places, X.XX.) 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, X.XX.) Requirement 1c. Compute the times-interest-earned ratios for 2024 and 2023. Begin by selecting the formula to compute the times-interest-earned ratio. Now, compute the times-interest-earned ratios for 2024 and 2023 . (Round your answers to two decimal places, X XX.) Requirement 1d. Compute the inventory tumover ratios for 2024 and 2023. Begin by selecting the formula to compute the inventory tumover ratio. Inventory turnover ratio = Now, compute the inventory turnover ratios for 2024 and 2023. (Round your answers to two decimal places, X.XX.) 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, X. X%.) Requirement 1f. Compute the debt to equity ratios for 2024 and 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 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 : Requirement 1h. Compute the eamings 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, $X.XX.) Requirement 1i. Compute the pricelearnings ratio for 2024 and 2023. Begin by selecting the formula to compute the price/eamings ratio. Priceleamings ratio = Now, compute the price/eamings ratio for 2024 and 2023. (Round your interim calculations and final answers to two decimal places, XX.) Requirement 2. Decide (a) whether Garfield's ablity to pay debts and to sell inventory improved or doteriorated during 2024 and (b) whther the investrient astractiveness of its common stock appears to have increased or decreased. (a) Did Garfield's ability to pay its debts and to sell inventory improve or deteriorate during 2024? (b) Did the investment attractiveness of Garfield's common stock appear to have increased or decreased? 1. Compute the following ratios for 2024 and 2023 : a. Current ratio b. Cash ratio c. Times-interest-eamed ratio d. Inventory tumover e. Gross profit percentage f. Debt to equity ratio g. Rate of return on common stockholders' equity h. Eamings per share of common stock 1. Price/eamings ratio 2. Decide (a) whether Garfield'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. Comparative financial statement data of Garfield, Inc. follow: (Click the icon to view the income statement.) (1) (Click the icon to view the additional financial (Click the icon to view the balance sheet.) information.) Read the reguirements. Garfield, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 \begin{tabular}{l} Garfield, Inc. \\ Comparative Balance Sheet \\ December 31, 2024 and 2023 \\ \hline \end{tabular} Current Assets: \begin{tabular}{lrrr} \multicolumn{1}{c}{ Stockholders' Equity } & & \\ \hline Preferred Stock, 3\% & 98,000 & 98,000 \\ Common Stockholders' Equity, no par & 142,000 & 122,000 \\ \cline { 2 - 4 } & $584,000 & $ & 566,000 \\ \hline \end{tabular} - Selected 2022 amounts 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.X.) Now, compute the current ratios for 2024 and 2023. (Round your answers to two decimal places, X.XX.) 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, X.XX.) Requirement 1c. Compute the times-interest-earned ratios for 2024 and 2023. Begin by selecting the formula to compute the times-interest-earned ratio. Now, compute the times-interest-earned ratios for 2024 and 2023 . (Round your answers to two decimal places, X XX.) Requirement 1d. Compute the inventory tumover ratios for 2024 and 2023. Begin by selecting the formula to compute the inventory tumover ratio. Inventory turnover ratio = Now, compute the inventory turnover ratios for 2024 and 2023. (Round your answers to two decimal places, X.XX.) 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, X. X%.) Requirement 1f. Compute the debt to equity ratios for 2024 and 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 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 : Requirement 1h. Compute the eamings 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, $X.XX.) Requirement 1i. Compute the pricelearnings ratio for 2024 and 2023. Begin by selecting the formula to compute the price/eamings ratio. Priceleamings ratio = Now, compute the price/eamings ratio for 2024 and 2023. (Round your interim calculations and final answers to two decimal places, XX.) Requirement 2. Decide (a) whether Garfield's ablity to pay debts and to sell inventory improved or doteriorated during 2024 and (b) whther the investrient astractiveness of its common stock appears to have increased or decreased. (a) Did Garfield's ability to pay its debts and to sell inventory improve or deteriorate during 2024? (b) Did the investment attractiveness of Garfield's common stock appear to have increased or decreased? 1. Compute the following ratios for 2024 and 2023 : a. Current ratio b. Cash ratio c. Times-interest-eamed ratio d. Inventory tumover e. Gross profit percentage f. Debt to equity ratio g. Rate of return on common stockholders' equity h. Eamings per share of common stock 1. Price/eamings ratio 2. Decide (a) whether Garfield'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
