Net sales revenue, net income, and common stockholders' equity for Solomon MissionCorporation, a manufacturer of contact lenses, follow for a four-year period.

	2019	2018	2017	2016
Net Sales Revenue	$759,000	$705,000	$645,000	$660,000
Net Income	57,000	37,000	35,000	45,000
Ending Common Stockholders' Equity	366,000	354,000	330,000	292,000

Requirement 1. Compute trend analyses for each item for 2017long dash 2019. Use 2016 as the base year, and round to the nearest whole percent.Begin by computing Solomon Mission Corporation's trend analysis for net sales revenue, then computeSolomon Mission Corporation's trend analysis for net income and finally compute Solomon Mission Corporation's trend analysis for common stockholders' equity.

	2019		2018		2017		2016
Net Sales Revenue	$759,000		$705,000		$645,000		$660,000
Trend Percentages		%		%		%	100	%

AND,

Comparative financial statement data of Banfield, Inc. follow:

Banfield, Inc.
Comparative Income Statement
Years Ended December 31, 2018 and 2017
			2018	2017
		Net Sales Revenue	$467,000	$429,000
		Cost of Goods Sold	242,000	217,000
		Gross Profit	225,000	212,000
		Operating Expenses	132,000	130,000
		Income From Operations	93,000	82,000
		Interest Expense	12,000	16,000
		Income Before Income Tax	81,000	66,000
		Income Tax Expense	19,000	24,000
		Net Income	$62,000	$42,000

Banfield, Inc.
Comparative Balance Sheet
December 31, 2018 and 2017
			2018	2017	2016*
		Assets
		Current Assets:
		Cash	$97,000	$94,000
		Accounts Receivables, Net	110,000	118,000	$101,000
		Merchandise Inventory	143,000	166,000	202,000
		Prepaid Expenses	13,000	6,000
		Total Current Assets	363,000	384,000
		Property, Plant, and Equipment, Net	213,000	174,000
		Total Assets	$576,000	$558,000	$598,000
		Liabilities
		Total Current Liabilities	$225,000	$240,000
		Long-term Liabilities	119,000	97,000
		Total Liabilities	344,000	337,000
		Stockholders' Equity
		Preferred Stock, 3%	96,000	96,000
		Common Stockholders' Equity, no par	136,000	125,000	95,000
		Total Liabilities and Stockholders' Equity	$576,000	$558,000
		* Selected 2016 amounts

1.	Market price of Banfield's common stock: $67.52 at December 31, 2018, and $ 45.15 at December 31, 2017.
2.	Common shares outstanding: 15,000 on December 31, 2018 and 13,000 on December 31, 2017 and 2016.
3.	All sales are on credit.

Requirements:

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.	Price/earnings ratio
2.	Decide (a) whetherBanfield'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.

Begin by selecting the formula to compute the current ratio.

Current ratio

=