Panfield Candies Corp. Income Statement For the Years Ended December 31, 2020 and 2019 2020 2019 S Net Sales Revenue $ 313,600 $ 297,000 Cost of Goods Sold 150,250 147,600 Gross Profit 163,350 149,400 79,850 77,600 Operating Expenses Income From Operations 83.500 71,800 12,250 Interest Expense 14.500 Income Before Income Tax 71,250 57.300 18,000 Income Tax Expense 15,200 $ 53.250 $ 42.100 Net Income Estion Print Done w the 2020 2019 2018 Current assets Cash S 28.700 $ 26.000 Current receivables, net 68,100 62.950 $ 52.700 Inventories 127,750 121.000 96.500 Prepaid expenses 7,750 4.750 de Total current assets 232.300 214.700 Property, plant, and equipment, net 101,000 101.500 333,300 $ 316.200 Total assets 320,000 Total current abilities $ 95,000 $ 101.500 120.000 140.000 Long-term liabilities Total abilities 215.000 241.500 Preferred shares. $$1.2 5.100 5.100 Common shares 51.250 30.500 18.250 61.550 31.100 Retained earnings Total Liabilities and Shareholders' Equity Selected 2018 amounts given for calculation of ratios 19.425 333.300 S 316.200 Poot Cone X Inancial Information -X . Market price of Panfield's common shares: $24.00 at December 31, 2020, and $12.00 at December 31, 2019. Common shares outstanding: 10,050 on December 31, 2020 and 7,800 during 2019. There are 1,000 preferred shares outstanding at December 31, 2020 and 2019, Preferred dividends were declared each year. All sales are on credit. your answers to two decimal places, A.AA. Print Done Required 1. Compute the following ratios for 2020 and 2019: 2. a. Current ratio b. Inventory turnover c. Accounts receivable turnover d. Debt/equity ratio e. Times-interest-earned ratio f. Return on assets g. Return on common shareholders' equity h. Earnings per common share i. Price-earnings ratio j. Book value per common share at year-end Decide (a) whether Panfield Candies Corp.'s financial position improved or deteriorated during 2020, and (b) whether the investment attractiveness of its common shares appears to have increased or decreased. Print Done Requirement 2. Decide (a) whether Panfield Candies Corp.'s financial position improved or deteriorated during 2020, and (b) whether the investme (a) Did Panfield Candies Corp's financial position improved or deteriorated during 2020? The company's financial position during 2020, as shown by somewhat, which could be due to year-end holiday sales. in the current ratio and the times-interest-earned ratio a (b) Did the investment attractiveness of Panfield's common share appear to have increased or decreased? The common shares' attractiveness during 2020, as shown by the in the shares market price Choose from any list or enter any number in the input fields and then continue to the next question. Type here to search 0 I ated during 2020, and (b) whether the investment attractiveness of its common shares appears to have increased or decreased rrent ratio and the times-interest-earned ratio and the in the debt/equity ratio. The inventory and accounts receivable turnovers decrease sed? me shares' market price. on 4 10x B 40 ENG 919 P