Comparative financial statement data of Hanfield, Inc. follow: B (Click the icon to view the income statement.) A (Click the icon to view the additid (Click the icon to view the balance sheet.) Read the requirements. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 Requirement 1a. Compute the current ratios for 2018 and 2017. Net Sales Revenue Begin by selecting the formula to compute the current ratio. $ 459,000 $ 244,000 427,000 215,000 Current ratio = || Cost of Goods Sold Gross Profit i Requirements 215,000 137,000 212,000 135,000 Operating Expenses Income From Operations 78,000 9,000 77,000 13,000 Interest Expense Income Before Income Tax Income Tax Expense 69,000 17,000 52,000 $ 64,000 23,000 41,000 $ 1. Compute the following ratios for 2018 and 2017: 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. Pricelearnings ratio Decide (a) whether Hanfield's ability to pay debts and to sell inventory improved or deteriorated during 2018 and (b) whether the investment attractiveness of its common stock appears to have increased or decreased. Net Income Choose from any drop-down list an Print Done parts remaining Check Answer Hanfield, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 2016* Assets Current Assets: Cash $ 93,000 $ 111,000 Accounts Receivables, Net 90,000 116,000 $ 106,000 165,000 201,000 7,000 Merchandise Inventory 10 149,000 17,000 Prepaid Expenses Total Current Assets 370,000 217,000 378,000 181,000 Property, Plant, and Equipment, Net $ 587,000 $ 559,000 Total Assets $597,000 Liabilities Total Current Liabilities $ 229,000 $ 115,000 240,000 97,000 Long-term Liabilities Total Liabilities 344,000 337,000 Stockholders' Equity Preferred Stock, 3% 96,000 147,000 Common Stockholders' Equity, no par ... Total Liabilities and Stockholders' Equity * Selected 2016 amounts 88,000 96,000 126,000 559,000 - $ 587,000 $