Please follow all requirements and data

Comparative financial statement data of Panfield, Inc. follow (Cick the icon to view the income statement.) EEl (Click the icon to view the balance sheet.) (Click the icon to view the Balance Sheet Read the requirements 2018 2017 2016 Requirement 1a. Compute the current ratios for 2018 and 2017 Begin by selecting the fomula to compute the current ratio. Current ratio Assets Current Assets S 97,0DO S 95,000 Accounts Receivables, Net Merchandise Inventory Prepaid Expenses Total Current Assets 108,000 116,000 $ 101,000 5D,000 160,000 204.000 Income Statement 7,000 368,000 379,000 220,000 74,000 13,000 1. Compute the following ratios for 2018 and 2017 Panlield, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 Property, Plant, and Equipment, Net2200 S 588,000 S 553,000 a. Current ratio b. Cash ratio Total Assets $596,000 ratio d. Inventory turnover a. Gross profit percentage f. Debt to equity ratio g. Rate of relurn on common stockholders equity h. Earnings per share of common stock i. Pricelearnings ratio Decide (a) whether Panfiald's ability to pay debts and to sell inventory improved or deteriorated during 2018 and (b) whether the investment attractiveness of its common stock Liabilities 2018 2017 Total Current Liabilities S 223,0DO S 241,000 116,000 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Income From Operations Interest Expense Income Before Income Tax income Tax Expense Net Income S 467,0DD S 426,000 235,000 215,000 232,000 211.000 137,000 135,000 95,000 6 000 9,00011,000 86,000 65,000 20,000 23,000 S 66,000 42,000 Long-term Liabilities Total Liabilties 39,000 337,000 2. appears to have increased or decreased Stockholders' Equity Preferred Stock. 4% Common Stockhokders' Equity, no par Total Liabilities and Stockholders' Equity 102,000 102,000 470 114,000 900 PrintDone 5 588,000 S 553,000 Choose trom any drop down list and then click Check Answer Print Done Deamtaining