Comparative financial statement data of Lanfield, Inc. follow (Click the loon to view the income statement) (Click the icon to view the balance sheet) 2024 2023 Requirement 11. Compute the debt to equity ratios for 2024 and 2023. Begin by selecting the formula to compute the debt to equity ratio. Debt to equity ratio Total abilities Total equity Now, compute the debt to equity ratios for 2024 and 2023. (Round your answers to two decimal pla Debt to equity ratio 1.40 1.50 2024 2023 48.6 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 retum on common stockholders' equity Rate of return on common stockholders' equity (Net income-Prefemed dividends) Average common stockholde Now, compute the rate of return on common stockholders' equity for 2024 and 2023 (Round your a Rate of return on common stockholders' equity % 2024 2023 2024 3023 42.1 % 27.4% (Click the loon to view the additional financial information) Read the requiremata Income Statement Lanfield, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 2023 2024 $461,000 $ 422,000 237,000 216,000 Net Sales Revenue Cost of Goods Sold Gross Prof Operating Expenses Income From Operations Requirement 1h. Compute the eamings per share of common stock for 2024 and 2023. Begin by selecting the formula to compute the eamings per share of common stock. Earnings per share (Net income-Prefemed dividenda) Weighted average number of common shares outstanding Now, compute the eamings per share for 2024 and 2023 (Round your answers to the nearest cent, $XXX) Earnings per share of common stock Interest Expense Income Before Income Tax Income Tax Expense Net Income 224,000 137,000 87,000 0,000 78.000 19,000 10,000 1 206.000 135,000 Requirements 71,000 11,000 60,000 27,000 33.000 % as 10.2.) 1. Compute the following raios for 2024 and 2023 a. Current ro b. Cash ratio c. Times-interest-earned ratio d. Inventory Sumover e. Gross profit percentage Da t. Debt to equity ratio 9. Rate of return on common stockholders' equity h. Eamings per share of common stock 1. Priceleamings ratio 2. Decide (a) whether Lanfield'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 Lanfield, Inc. follow (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) 2024 2023 Requirement 1. Compute the debt to equity ratios for 2024 and 2023. Begin by selecting the formula to compute the debt to equity ratio. Debt to equity ratio Total fabilities Total equity Now, compute the debt to equity ratios for 2024 and 2023. (Round your answers to two decimal places, XXX) Debt to equity ratio 1.40 1.50 2024 2023 48.6 % 48.8 % Requirement 1g. Compute the rate of retum on common stockholders' equity for 2024 and 2023. Begin by selecting the formula to compute the rate of retum en common stockholders' equity Rate of retum on common stockholders' equity Now, compute the rate of 2024 2023 2024 2023 (Net income-Preferred dividends) Average common stockholder's equity return on common stockholders' equity for 2024 and 2023 (Round your answers to one orth of a p Rate of return on common stockholders' equity % 42.1 % 27.4 % Requirement 1h. Compute the eamings per share of common stock for 2024 and 2023 Begin by selecting the formula to compute the eamings per share of common stock Earnings per share (Net income-Preferred dividends) Weighted average number of common shares outstanding Now, compute the earnings per share for 2024 and 2023. (Round your answers to the nearest cent, SXXX) Earnings per share of common stock (Click the icon to view the additional financial information) Read the requirements. Balance Sheet Assets Lanfield, Inc. Comparative Balance Sheet December 31, 2024 and 2023 2024 Current Assets Cash Accounts Receivables, Net Merchandise Inventory Prepaid Expenses Total Current Assets Property, Plant, and Equipment, Net Total Assets Liabilities Total Current Liabil Long-term Liabilities Total Liabitis Stockholders' Equity Preferred Stock, 5% Common Stockholders' Equity, no par Total Liabilities and Stockholders' Equity *Selected 2022 amounts Print $ S 1 07.000 111,000 150,000 12,000 370.000 220.000 100,000 $ 220,000 $ 116.000 344,000 2023 Done 90.000 115,000 $104,000 162,000 211.000 382,000 173.000 555,000 247.000 94.000 341,000 102.000 102,000 144.000 112,000 500,000 $ 555,000 2022 $506,000 02.000 Requirement 1h. Compute the earnings 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 = (Net income - Preferred dividends) + Weighted average number of common shares outstanding Now, compute the earnings per share for 2024 and 2023. (Round your answers to the nearest cent, $X.XX.) Earnings per share of common stock 2024 2023