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Please help me answer this question, I have been stuck on it for a while. I have provided all the necessary information in the pictures
Please help me answer this question, I have been stuck on it for a while. I have provided all the necessary information in the pictures below.
Comparative financial statement data of Tanfield, Inc., follow: (Click the icon to view the income statements.) (Click the icon to view the balance sheets.) 1. Market price of Tanfield's common stock: $40.14 at December 31,2020 , and $25.87 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.) Requirement 2. Decide (a) whether Tanfield'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. Tanfield's ability to pay its debts and to sell inventory during 2020 . b. The investment attractiveness of Tanfield's common stock appears to have f. Earnings per share of common stock g. Pricelearnings ratio [ Requirement 2. Decide (a) whether Tanfield's ability improved or deteriorated during 2020 and (b) whether the investment attractiveness of its common stock appears to have increased or decreased. a. Tanfield's ability to pay its debts and to sell inventory during 2020 . b. The investment attractiveness of Tanfield's common stock appears to have f. Earnings per share of common stock \begin{aligned} \hline \end{aligned} b. The investment attractiveness of Tanfield's common stock appears to have Income statements Balance sheets Balance sheetsStep by Step Solution
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