please help with requirements 1 and 2

(Click the icon to view the additional financial information.) Comparative financial statement data of Lanfield, Inc. follow: (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) Read the requirements Requirement 1a. Compute the current ratios for 2018 and 2017. Begin by selecting the formula to compute the current ratio. Current ratio Total current assets/Total current liabilities Now, compute the current ratios for 2018 and 2017. (Round your answers to two decimal places, X.XX.) Income Statement Lanfield, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 Net Sales Revenue $ 467,000 $ 425,000 239,000 218,000 Cost of Goods Sold Gross Profit 228,000 132,000 207,000 130,000 Operating Expenses Income From Operations 96,000 9,000 77,000 14,000 Interest Expense Income Before Income Tax Income Tax Expense 87,000 22,000 65,000 $ 63,000 24,000 39,000 $ Net Income Print Done * Balance Sheet Lanfield, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 2016* Assets Current Assets: Cash Accounts Receivables, Net Merchandise Inventory $ 92,000 $ 111,000 143,000 16,000 89,000 114,000 $ 105,000 158,000 210,000 7,000 Prepaid Expenses Total Current Assets Property, Plant, and Equipment, Net 362,000 214,000 576,000 $ 368,000 176,000 544,000 $ Total Assets $600,000 Liabilities Total Current Liabilities $ 225,000 $ 117.000 242,000 99.000 Long-term Liabilities Total Liabilities 342.000 341,000 Stockholders' Equity Preferred Stock, 4% Common Stockholders' Equity, no par 94.000 140,000 576,000 $ 94.000 109,000 544,000 90,000 $ Total Liabilities and Stockholders' Equity * Selected 2016 amounts Print [Done * Requirements 1. Compute the following ratios for 2018 and 2017: 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 Decide (a) whether Lanfield's ability to pay debts and to sell inventory improved or deteriorated during 2018 and (b) whether the investment attractiveness of its common stock appears to have increased or decreased. Print Done