Comparative financial statement data of Panfield, Inc. follow: (Click the icon to view the income statement.) (Click the icon to view the additional financial information.) (Click the icon to view the balance sheet.) Read the requirements. Requirement 1a. Compute the current ratios for 2024 and 2023. Begin by selecting the formula to compute the current ratio. Current ratio = Total current assets Total current liabilities 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+Cashequivalents)Totalcurrentliabilities Now, compute the cash ratios for 2024 and 2023. (Round your answers to two decimal places, X.XX.) Requirements 1. Compute the following ratios for 2024 and 2023 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. Price/earnings ratio 2. Decide (a) whether Panfield'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. Income Statement