Now, compute the debt to equity ratios for 2018 and 2017. (Round your answers to two decimal places, X.XX.) 2018: 2017: 89 86 - X 0 Income Statement Canfield, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 Net Sales Revenue Cost of Goods Sold Gross Profit $ 463,000 $ 425,000 241,000 217.000 222,000 137,000 208,000 135,000 Operating Expenses Income From Operations 7%) 85,000 9,000 73,000 10,000 Interest Expense Income Before Income Tax Income Tax Expense Net Income 76,000 17,000 63,000 26,000 $ 59,000 $ 37,000 Print Done Canfield, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 2016 Assets Current Assets Cash Accounts Receivables, Net Merchandise Inventory Prepaid Expenses Total Current Assets Property, Plant, and Equipment, Net Total Assets Liabilities Total Current Liabilities Long-term Liabilities Total Liabilities 90,000 $ 111,000 149,000 18,000 368,000 212,000 580,000 $ 89,000 116,000 $ 101,000 166,000 206,000 6,000 377,000 180,000 557,000 $596,000 229,000 S 117,000 247,000 96,000 346,000 343,000 102,000 102.000 Stockholders' Equity Preferred Stock, 6% Common Stockholders' Equity, no par Total Liabilities and Stockholders' Equity * Selected 2016 amounts 132,000 580,000 $ 112,000 557,000 91,000 $