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Additional Financial Information 1. Market price of Manfield's common stock: $66.47 at December 31,2024 , and $46.20 at December 31,2023 . 2. Common shares outstanding: 13,000 on December 31,2024 and 11,000 on December 31,2023 and 2022. 3. All sales are on credit. Requirements 1. Compute the following ratios for 2024 and 2023 : 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 i. Price/earnings ratio 2. Decide (a) whether Manfield's ability to pay debts and to sell inventory improved or deteriorated during 2024 and (b) whether the investment attractiveness of its common stock appears to have increased or decreased. Income Statement Balance Sheet Balance Sheet Comparative financial statement data of Manfield, Inc. follow: (Click the icon to view the income statement.) 1. (Click the icon to view the additional (Click the icon to view the balance sheet.) financial information.) Read the requirements. Requirement 1a. Compute the current ratios for 2024 and 2023. Begin by selecting the formula to compute the current ratio