P11-38B Comparative financial statement data of Panfield Optical Mart follow: Other information: 1. Market price of Panfield common stock: $94.38 at December 31, 2017; and 585.67 an December 31, 2016 2. Common shares outstanding: 15,000 during 2017 and 10,000 during 2016 3. All sales on credit Requirements 1. Compute the following muses for 2017 and 2016 : a. Current ratio b. Quick (acid-test) ratio C. Receivables turnover and days' sales outstanding (DSO) (round to nearest whole day) d. Inventory turnover and days' inventory outstanding (DIO) (round to neatestwhole day) e. Accounts payable turnover and days payable outstanding (DPO) (round to neatest whole day). f. Cash conversion cycle (in days) g. Times-interest-earned ratio: h. Return on assets i. Return on common shareholders' equity j. Earnings per share of common stock k. Price/earnings matio 2. Decide whether (a) Panfields financial position improved or deteriorated during 2017, ind (b) the investment attractiveness of Panfield's common stock appears to have increased of decreased