Comparative financial statement data of Hanfield, Inc. follow: E (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) Read Begin by selecting the formula to compute the cash ratio. Cash ratio = (Cash Cash equivalents) Total current liabilities Now, compute the cash ratios for 2018 and 2017 (Round your answers to two decimal places, X.XX.) Cash ratio 0.41 2018 2017 0.37 Requirement 10. Compute the times-interest-earned ratios for 2018 and 2017. Begin by selecting the formula to compute the times-interest-earned ratio. Times-interest-eamed ratio (Not Income + Income tax expense + Interest expense) - Interest expenso Now.compute the times-interest-earned ratios for 2018 and 2017. (Round your answers to two decimal places, Xxx.) Times-interest-earned ratio 2018 7.09 2017 5.54 Requirement 1d. Compute the inventory tumover ratios for 2018 and 2017. Begin by selecting the formula to compute the inventory tumover ratio. Inventory turnover ratio Help Me Solve This DemoDocs Example Get More Help ula Average merchandise inventory + Net sales revenue Cas (Cash + Cash equivalents) - Total current liabilities tios (Cash + Accounts receivable, net) + Total current liabilities Cost of goods sold + Average merchandise inventory ute the Gross profit + Net sales revenue Market price per share of common stock + Earnings per share ormula ratio (Net Income + Income tax expense + Interest expense) + Interest expense s-intere (Net income - Preferred dividends) + Average common stockholder's equity (Net income - Preferred dividends) + Weighted average number of common shares outstanding ratio Total current assets + Total current liabilities ntereste Total equity - Total liabilities compute the the formula Total liabilities - Total equity mohamed aboutaam | 09/17/217:21 PM LE 6 - X Income Statement in Hanfield, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 Net Sales Revenue $ 460,000 $426,000 243,000 217,000 Cost of Goods Sold Gross Profit 217,000 139,000 209,000 137,000 Operating Expenses Income From Operations 78,000 11,000 72,000 13,000 Interest Expense Income Before Income Tax 67,000 19,000 59,000 26,000 Income Tax Expense $ Net Income 48,000 $ 33,000 Print Done HW Score: 47.1 Question 5. P15-27A (si... alance Sheet Hanfield, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 2016 Assets Current Assets: Cash 92,000 $ 110,000 90,000 119,000 $ 101,000 161,000 210,000 10,000 143,000 13,000 Accounts Receivables, Net Merchandise Inventory Prepaid Expenses Total Current Assets Property, Plant, and Equipment, Net 358,000 211,000 380,000 174,000 554,000 $ 569,000 $ $597.000 Total Assets Liabilities Total Current Liabilities Long-term Liabilities 223,000 $ 120,000 243,000 100,000 Totallaties 343 on id Print Done Get More Help