please help! im lost :(

III Homework: Chapter 15 Homework Question 4, PF15-27A HW Score: 18%, 1.8 of 10 (similar to) points Part 1 of 20 O Points: 0 of 5 Next question Click the icon to view the additional financial information.) Read the requirements Comparative financial statement data of Dangerfield, Inc. follow: (Click the icon to view the income statement.) (Click the icon to view the balance sheet) Requirement 1a. Compute the current ratios for 2024 and 2023. Begin by selecting the formula to compute the current ratio. Current ratio Help me solve this Etext pages Get more help Clear all Check ans Question 4, PF15-27A HW Score: Income Statement Next question Dangerfield, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 2024 2023 Net Sales Revenue $ 466,000 $ 423,000 235,000 215,000 Cost of Goods Sold Gross Profit 231,CVO 134,000 208,000 132,000 Operating Expenses Income From Operations 97,000 11,000 76,000 16,000 Interest Expense Income Before Income Tax 60,000 86,000 20,000 Income Tax Expense 23,000 $ 66,000 $ 37,000 Net Income Print Done pages Get more help A Clear Dangerfield, Inc. Comparative Balance Sheet December 31, 2024 and 2023 2024 2023 2022 Assets Current Assets: Cash $ 97,000 118,000 $ 107,000 Accounts Receivables, Net Merchandise Inventory 98,000 $ 113,000 148,000 20,000 208,000 162,000 9,000 Prepaid Expenses Total Current Assets 379,000 211,000 386,000 178,000 Property, Plant, and Equipment, Net $ 590,000 $ 564,000 $600,000 Total Assets Liabilities Print Done Prepaid Expenses 20,000 9,000 Total Current Assets 379,000 211,000 386,000 178,000 Property, Plant, and Equipment, Net Total Assets $ 590,000 $ 564,000 $600,000 Liabilities Total Current Liabilities $ 230,000 $ 120,000 243,000 98,000 Long-term Liabilities Total Liabilities 350,000 341,000 Stockholders' Equity Preferred Stock, 4% 106,000 134,000 106,000 117,000 Common Stockholders' Equity, no par 93,000 $ 590,000 $ 564,000 Total Liabilities and Stockholders' Equity Selected 2022 amounts Print Done entidata of Dangerfield Inc follow 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. Pricelearnings ratio 2. Decide (a) whether Dangerfield'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. Print Done i (Click the icon to view the additional financial informati on to view the income statement.) on to view the balance sheet.) Read the requirements. Additional Financial Information 1. Market price of Dangerfield's common stock: $100.98 at December 31, 2024, and $45.92 at Decembe 31, 2023. 2. Common shares outstanding: 12,000 on December 31, 2024 and 10,000 on December 31, 2023 and 2022 3. All sales are on credit Print Done solve this Etext pages Get more help Clear all Chec