Homework: Co... Question 3, PD-34B (sim... Part 1 of 20 HW Score: 7.5%, 7.5 of 100 points Points: 0 of 40 Comparative financial statement data of Manfield, Inc. follow (Click the icon to view the income statement.) Click the icon to view the balance sheet.) (Click the icon to view the additional financial information) Read the requirements +++++ Requirement 1a. Compute the current ratios for 2018 and 2017 Begin by selecting the formula to compute the current ratio Current ratio Help me solve this Calculator Print Clear all Check an To see what to study next ge to your Study Plan o EP arch 74F Clear 5%. 7.5 of 10 Income statement Years Ended December 31, 2018 and 2017 2018 2017 Net Sales Revenue $ 458,000 $ 423,000 234,000 218,000 Cost of Goods Sold Gross Profit 224,000 134,000 205,000 132,000 h Operating Expenses Income From Operations 90.000 13.000 73.000 14.000 Interest Expense Income Before Income Tax 159.000 77000 22 000 Income Tax Expense 23.000 55.000 S 36,000 Net Income Print Done ala ar all LO PU Lumpuruu bule TICCE December 31, 2018 and 2017 2018 2017 2016* Assets Current Assets Cash S 95,000 $ 93,000 D. Accounts Receivables, Net Merchandise Inventory 114,000 146.000 18,000 115,000 $ 105,000 158,000 211,000 7,000 Prepaid Expenses Total Current Assets 373.000 220.000 373.000 180,000 Property, Plant, and Equipment, Net 593,000 $ 553.000 Total Necate 5600 na Print Done re this Balance sheet TIT Total Assets 593,000 $ 553,000 $600,000 Liabilities Total Current Liabilities 228,000 $ 115,000 240,000 99,000 Long-term Liabilities Total Liabilities 343.000 339,000 Stockholders' Equity Preferred Stock, 6% 108.000 142 000 108,000 106.000 Common Stockholders' Equity, no par 88,000 593.000 S 553,000 Total Liabilities and Stockholders' Equity Selected 2016 amounts Print Done Check = this mework: Co... Question 3, PD-34B (sim... Part 1 of 20 HW Score: 7.5%, 7.5 of 100 points O Points: 0 of 40 Save Financial statement data of Manfield Inc. follow icon to view the income statement) icon to view the balance sheet.) SES (Click the icon to view the additional financial information.) Re Additional Financial Information Additional financial information X 1. Market price of Manfield's common stock: $53 60 at December 31, 2018, and $29 54 at December 31, 2017 2. Common shares outstanding. 15,000 on December 31, 2018 and 14,000 on December 31, 2017 and 2016 3. All sales are on credit Print Done e solve this Calculator Print Clear all Check answer see what to study next se to your 74F Clear Questio 4B (sim.. Part 1 of 20 HW Suore 7.5%, 7.5 of 100 points O Points: 0 of 40 Save Requirements X formation.) 1. Compute the following ratios for 2018 and 2017 a. Current ratio b. Cash ratio e. 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 1. Price/earnings ratio 2 Decide (a) whether Manfield'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 Print Done Salculator Print Clear all Check answer Homework: Co... Question 3, PD-34B (sim... Part 1 of 20 HW Score: 7.5%, 7.5 of 100 points Points: 0 of 40 Comparative financial statement data of Manfield, Inc. follow (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) (Click the icon to view the additional financial information.) Read the requirements ++++ Requirement 1a. Compute the current ratios for 2018 and 2017, Begin by selecting the formula to compute the current ratio Current ratio Help me solve this Calculator Print Clear all Check an To see what to study next ge to your study Plan pray arch 74F Clear