hopfully this helps, these are the requrements and the questions
Sanfield, Inc Comparative Income Statement Years Ended December 31, 2024 and 2023 $ Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Income from Operations Interest Expense Income Before Income Tax Income Tax Expense Net Income 2024 2023 462,000 $430,000 236,000 213,000 226,000 217,000 135,000 133,000 91,000 84,000 8,000 12,000 83,000 72,000 18,000 22,000 65,000 $50,000 $ Sanfield, Inc. Comparative Balance Sheet December 31, 2024 and 2023 2024 2023 2022 $ Assets Current Assets: Cash Accounts Receivable, net Merchandise Inventory Prepaid Expenses Total Current Assets Proeprty, Plant, and Equipment, net Total Assets 100,000 207,000 99,000 $ 97,000 109,000 117,000 142,000 164,000 15,000 5,000 365,000 383,000 215,000 177,000 580,000 $ 560,000 $ 599,000 $ Liabilities Total Current abilities Long-term Liabilities Total Liabilities 222,000 $ 244,000 113,000 92,000 335,000 336,000 Stockholders' Equity Preferred Stock, 4% Common Stockholders's Equity, no par Total Stockolders' Equity Total Liabilities and Stockholders' Equity selected 2022 amounts 85,000 92,000 92,000 153,000 132,000 245,000 224,000 580,000 $ 560,000 $ Additional Information: 12/31/22 $ 12/31/24 51.48 $ 16,000 Market price of Sanfield's common stock Common shares outstandng All sales are on credit 12/31/23 37.08 15,000 15,000 .. we try to be collection tornavou need for about Therefore www.ie wieder M mas Tule Current 157 The Case Den Grup Amet D The Current Ratio Cash Ratio Acid-Test ratio Inventory Turnover Days Sales in Inventory Gross Profit Percentage Accounts Receivable Turnover Days Sales in Accounts Receivable Debt Ratio Debt to Equity Ratio Return on Common Stockholders' Equity Earnings per share of Common Stock Price/Earnings Ratio 5 Measurement focus Enter Formula Ability to pay current liabilities Total Current Assets/Total Current Liabilities Calculate the ratio (use formulas and point to cells in Data Sheet, Format the cell as needed for the specific ratio $,% etc.) 2024 2023 Analysis of ratio 1.64 1.57 The ability to pay current liabilities with current assests has improved 1. Measurement focus: Enter a statement as to what the ratio(s) measure (Ability to pay current liabilities, Ability to sell inventory, Ability to collect receivables, Ability to pay long-term debt, or Analyze stock investments) 2. Enter formula: Type the formula that is used to calculate the ratios, making sure you have parenthesis included for the portions of the calculation that need to be done first 3. Calculate the ratio: Using the pointer to find the appropriate cells in the Data, enter the formula to compute the ratio(s) 4. Analysis of ratio: Include a statement that explains what the ratio is measuring and whether 2024 is an improvement or is not an improvment from 2023
