PLEASE ANSWER ASAP

Comparative financial statement data of Panfield, Inc., follow: (Click the icon to view the income statements.) (Click the icon to view the balance sheets.) 1. Market price of Panfield's common stock: $47.88 at December 31, 2020, and $31.35 at December 31, 2019 2. Common shares outstanding: 10,000,000 during 2020 and 10,000,000 during 2019 3. All sales are credit sales Read the requirements. Requirement 1. Compute the following ratios for 2020 and 2019. (Round all ratios to two decimal places.) 2020 2019 a. Current ratio 2020 2019 b. Times-interest-earned ratio 2020 2019 C. Inventory turnover 2020 2019 d. Operating income percentage 2020 2019 2020 2019 e. Return on common stockholders' equity 2020 2019 f. Earnings per share of common stock 2020 2019 g. Pricelearnings ratio Requirement 2. Decide (a) whether Panfield's ability to pay debts and to sell inventory improved or deteriorated during 2020 and (b) whether the investment attractiveness of its common stock appears to have increased or decreased. a. Panfield's ability to pay its debts and to sell inventory during 2020. b. The investment attractiveness of Panfield's common stock appears to have A B 3 $ 1 Panfield, Inc. 2 Comparative Income Statements For the Years Ended December 31, 2020 and 2019 4 (amounts in thousands) 5 2020 2019 6 Sales revenues $ 452,300 $ 425,390 7 Less: Cost of goods sold 238,000 222,000 8 Gross profit $ 214,300 $ 203,390 9 Less: Operating expenses 136,000 132,000 10 Operating income $ 78,300 $ 71,390 11 Less: Interest expense 10,800 11,800 12 Income before income taxes $ 67,500 $ 59,590 13 Less: Income tax expense 20,700 21,790 14 Net income $ 46,800 $ 37,800 $ $ 3 5 A B D 1 Panfield, Inc. 2 Comparative Balance Sheets 3 December 31, 2020 and 2019 4 (amounts in thousands) 2020 2019 2018* 6 Assets 7 Current assets: Cash $ 92,000 $ 93,000 9 Accounts receivable 119,000 89,500 $ 85,000 10 Inventory 136,000 204,000 $ 166,000 11 Prepaid expenses 13,000 9,500 12 Total current assets $ 360,000 $ 396,000 13 Property, plant, and equipment, net 202,000 178,000 14 Total assets $ 562,000 $ 574,000 8 Linkilling TWYUTTUIT VVV 11 Prepaid expenses 12 Total current assets 13 Property, plant, and equipment, net 14 Total assets Liabilities 13,000 9,500 $ 360,000 $ 396,000 202,000 178,000 $ 562,000 $ 574,000 15 $ 240,000 $ 275,000 73,000 68,000 $ 313,000 $ 343,000 16 Current liabilities 17 Long-term liabilities 18 Total liabilities 19 Stockholders' equity 20 Preferred stock, 4% 21 Total common stockholders' equity 22 Total stockholders' equity 23 $ 120,000 $ 120,000 129,000 111,000 $ 109,000 $ 249,000 $ 231,000 $ 562,000 $ 574,000 24 Total liabilities and equity 25 "Selected 2018 amounts