*** Compute the earnings per share of common stock for 2018 & 2017. **** *** Compute the price/earnings ratio for 2018 & 2017 *** Requirement 1h & 1i needed 
(Click the icon to view the additional financial information.) Comparative financial statement data of Dangerfield, Inc. follow: (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) A Begin by selecting the formula to compute the gross profit percentage. - Requirements X Gross profit percentage = Gross profit/Net sales revenue A Balance Sheet Now, compute the gross profit percentage for 2018 and 2017. (Round your answers to one tenth of a percent, X.X% 2018: 48.39% 2017: 50.0 % 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 Dangerfield'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. Dangerfield, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 Requirement 1f. Compute the debt to equity ratios for 2018 and 2017. 2017 2016* Begin by selecting the formula to compute the debt to equity ratio. Assets Debt to equity ratio = Total liabilities/Total equity Current Assets: Now, compute the debt to equity ratios for 2018 and 2017. (Round your answers to two decimal places, X.XX.) $ 2018: 2017: 1.44 1.58 Cash Accounts Receivables, Net Merchandise Inventory Prepaid Expenses 92,000 $ 112,000 144,000 19,000 91,000 116,000 $ 107,000 162,000 208,000 9,000 Print Done Requirement 1g. Compute the rate of return on common stockholders' equity for 2018 and 2017. Total Current Assets Begin by selecting the formula to compute the rate of return on common stockholders' equity. Dangerfield, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 378,000 179,000 367,000 217,000 584,000 $ Property, Plant, and Equipment, Net Rate of return on common $ 557,000 Total Assets $602,000 stockholders' equity = (Net income - Preferred dividends) / Average common stockholder's equity Liabilities Now, compute the rate of return on common stockholders' equity for 2018 and 2017. (Round your answers to one tenth of a percent, X.X%.) Net Sales Revenue Total Current Liabilities $ 464,000 $ 428,000 240,000 214,000 $ 228,000 $ 117,000 245,000 96,000 2018: 2017: 40.8 % 34.1 % Cost of Goods Sold Gross Profit 224,000 132,000 214,000 130,000 Long-term Liabilities Total Liabilities 345,000 341,000 Requirement 1h. Compute the earnings per share of common stock for 2018 and 2017. Operating Expenses Income From Operations Begin by selecting the formula to compute the earnings per share of common stock. 92,000 14,000 84,000 17,000 Stockholders' Equity Preferred Stock, 5% Earnings per share - (Net income - Preferred dividends) / Weighted average number of common shares outstanding Interest Expense Income Before Income Tax 67,000 26,000 100,000 139,000 584,000 $ 78,000 21,000 57,000 $ 95,000 100,000 116,000 557,000 Common Stockholders' Equity, no par Total Liabilities and Stockholders' Equity Now, compute the earnings per share for 2018 and 2017. (Round your answers to the nearest cent, $X.XX.) Income Tax Expense $ $ 41,000 Net Income * Selected 2016 amounts 2018: 2017: Print Done Print Done Enter any number in the edit fields and then click Check
