P15-27A (similar to) Comparative financial statement data of Panfield, Inc. follow: (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) (Click the icon to view the addition Read the requirements Additional Financial Information 1. Market price of Panfield's common stock: $82.62 at December 31, 2018, and $49 28 at December 31, 2017 2. Common shares outstanding: 12,000 on December 31, 2018 and 11,000 on December 31, 2017 and 2016 3. All sales are on credit. Print Done 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 1. Pricelearnings ratio 2. Decide (a) whether Panfield'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. Choose from any drop-d Print Done parts remalla All Balance Sheet 5-27A (similar to) mparative financial statement data of Panfield, Inc. follow (Click the icon to view the income statement) (Click the icon to view the balance sheet.) Income Statement - Panfield, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 2016 Assets Current Assets Panfield, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 Cash 94.000 $ 112,000 93,000 118.000 $ 102,000 158,000 204,000 8,000 $ 466,000 $ 427.000 237.000 215,000 147,000 12,000 377,000 229,000 139.000 212,000 137,000 365.000 211.000 178,000 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Income From Operations Interest Expense Income Before Income Tax Income Tax Expense 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 $ 576,000 $ 555,000 $597.000 90,000 11,000 75,000 14.000 $ 79,000 19.000 61,000 23,000 224.000 $ 121.000 247,000 96.000 60,000 $ 38,000 345.000 343.000 Net Income Stockholders' Equity Print Done Dose from any drop-down list and then click Check Answer, Print Done