Comparative inancial statements of incollow The cow the income Click the cow the balance sheet Chow the time Hanfield, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 2024 2023 Net Sales Revenue $ 460,000 $ 423,000 Cost of Goods Sold 244,000 212,000 Gross Profit 216,000 211,000 136,000 134,000 Operating Expenses Income From Operations 80,000 77,000 Interest Expense 13,000 14,000 Income Before Income Tax 67,000 63,000 Income Tax Expense 22,000 25,000 $ 45,000 $ 38,000 Net Income Hanfield, Inc. Comparative Balance Sheet December 31, 2024 and 2023 2024 2023 2022* Assets Current Assets: Cash $ $ 92,000 $ 90,000 107,000 Accounts Receivables, Net Merchandise Inventory 119,000 $ 106,000 148,000 209,000 158,000 9,000 14,000 Prepaid Expenses Total Current Assets 361,000 376,000 Property, Plant, and Equipment, Net 216,000 181,000 $ Total Assets 577,000 $ 557,000 $602,000 Liabilities Total Current Liabilities $ 223,000 $ 119,000 243,000 96.000 Long-term Liabilities Liabilities Total Current Liabilities $ 223,000 $ 119,000 243,000 96,000 Long-term Liabilities Total Liabilities 342,000 339,000 Stockholders' Equity Preferred Stock, 6% 104,000 104,000 Common Stockholders' Equity, no par 131,000 114,000 92,000 $ 577,000 $ 557,000 Total Liabilities and Stockholders' Equity Additional financial information - 1. Market price of Hanfield's common stock: $73.44 at December 31, 2024, and $52.95 at December 31, 2023 2. Common shares outstanding: 10,000 on December 31, 2024 and 9,000 on December 31, 2023 and 2022. 3. All sales are on credit Print Done Requirement la. 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.XX.) Current ratio 2024 2023 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.) Cash ratio 2024 2023 Requirement ic. Compute the times-interest-earned ratios for 2024 and 2023. Requirement i Compute the timestest earned ratios for 2024 and 2023 Beginly selecting the formula to compute the times interest earned ratio Times interested to Now.compute the times interest eamed ratios for 2024 and 2023 (Round your answers to places XXX) Times-interest-earned ratio 2024 Requirement id. Compute the inventory over racion for 2024 and 2023 Begin by selecting the formula to compute the inventory turnover radio inventory turnover ratio Now compute the inventory turnover ratios for 2024 and 2003. (Round your answers to two decimal places Xxx) Inventory turnover ratio 2024 2023 Requirement le Compute the gross profit percentage for 2024 2023 Requirementie. Compute the gross prof percentage for 2024 and 2073 Begin by selecting the formula to compute the proper Gross profit percentage New compute the gross profit percentage for 2024 and 2073. (Round your awer to reth of a prom, XXDe new the Forester 104 102) Cross 2024 2023 Requirement Compute the debt to equity ratios for 2024 and 2073 Begin by selecting the formula to compute the debt tout Dobina Now.compute the debt to equity ratios for 2024 and 2023. Round your answers to two decimal places, XXX) Debt to equity ratio 2024 2023 Requirement i Compute the rate of return on common stockholders equity for 2024 and 2003 Requirement i 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 Rone of our on common stockholdenuity Now, compute the rate of return on common stockholders equity for 2024 and 2022. Round your answers to one tenth of a percen, XX. Do not enter the . For example, enter 102 102.) Rate of return on common stockholders! equity 2024 2023 Requirement in Compute the earning per share of common stock for 2024 and 2023 Begin by selecting the formula to compute the camnings per share of common stock Earnings per share Now, compute the earnings per share tor 2024 and 2023. (Round your answers to the nearest cent, sxxx) Earnings per share of common stock 2024 2023 2024 2023 Requirement 2. Decide whether Halil's sy to pay and to servertory improved tooted during 2004 and whether the nativeness of a common to appears to have med for (Did Hanfelds by to pay its debts and to sell inventory improve or deteriorate during 20049 Did the investment activeness of Hanfelds common stock appewnowe read or decreased
