Hi,

I am requesting your help. Can you able to help and explain how to use the current ratio?

Thank you,

Michelle

________________________________

Requirement 1a. Compute the current ratios for 2018 and 2017 - X Balance Sheet Begin by selecting the formula to compute the ourrent ratio. Total ourrent assets /Total durrent labilities Cutrent ratio Now, compute the current ratios for 2018 and 2017. (Round your answers to tiwo decimal places. XXX. Lanfield, Inc Comparative Balance Sheet 2018 December 31, 2018 and 2017 2017 2016 2017 2018 Assets Current Assers: 03,000 $ 90,000 S Cash 105.000 116,000 107,000 Adoounts Receivables, Net 180.000 204.000 148.000 Merchandise Inventory 7.000 17,000 Prepaid Expenses Total Curent Assets 373.000 305,000 173.000 212,000 Property, Plant, and Equipment, Net 577.000 S 546,000 S608 00 Total Assets Liabilities Total Current Liabiltes 230.000 S 247.000 119.000 09.000 Longte Total Liabilities 346,000 349.000 Stockholders Equity pa co0 sn4 000 9e.000 Preferrd Stac Common Stockhoiders Equity, no par 546,000 $ 577,000 Total Liabilities and Stookholders Equity - Selected 2010 amounts erk Any Requirement 1a. Compute the current ratios for 2018 and 2017 Begin by selecting the formula to compute the current ratio. Total current assets /Total current liabilities Current ratio Now, compute the current ratios for 2018 and 2017. (Round your answers to two decimal places, XXX) 2018: Income Statement 2017 Lanfield Inc. Comparative Income Statement Years Ended December 31 2018 and 2017 2018 2017 s 46e 000 s 425.000 Net Sales Revenue 214,000 237 000 Cost of Goods Sold 229.000 Gross Profit 211.000 139.000 137,000 Operating Expenses Income From Operations 90,000 74.000 .000 16.000 Interest Expense 77 000 Income Before Income Tax 58.000 7.000 25,000 Income Tax Expense 60,000 S 33.000 Net Income Print Done ent ta. Compute the ourrent ratios for 2018 and 2017 electing the formula to compute the current ratio. to Total current assets/Total current liabildies bute the ourant ratios for 2010 and 2017. (Round your answors to wo decieal paces XX Aaditional Fnancial Intormation X . Market price of Lanfelds commion stock 550.05 at 0ecember 31 2018 d 29 2 dephireralisiE preidic dn December 31 2018 and 14.000 on December 31 2017d 20S Print Done Read the regUrements Compute the current ratios for 2018 and 2017 Requirement Begin by selecting the formula to compute the current ratio. Total current assets /Total ourent liabilities Current rato 2018 and 2017 (Round your answers to hwo decimal places XXX) Now, compute the current ratios 2018 Requirements 2017 1. Com owing ratios for 2018 and 2017 Current rati b. Cash ratio d. in rest-earned ratin Gross profit percentage equity rabo a Rate h. Eamings per share of common ders equity ck Decide ings ratio deteriorated during 201 common stock appears t 2 ty to pay debts and sell inventory impro estment attractiveness of its decreased have increased Print Done