Please help with this question and all the requirements. Thank You!

Please include formula and calculation. Thanks

Score: 0 of 10 pts 3 of 4 (0 complete) HW Score: 0%, 0 of 20 pts P15-27A (similar to) Income Statement Balance Sheet Comparative financial statement data of Panfield, Inc. follow: 5: (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) Requirement 1a. Compute the current ratios for 2018 and 2017. Panfield, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 Panfield, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 Begin by selecting the formula to compute the current ratio. 2017 2016" Current ratio Net Sales Revenue Assets $ 464,000 $ 426,000 243,000 216,000 Current Assets Cost of Goods Sold Gross Profit Cash $ 92,000 $ 90.000 Requirements x 221,000 136,000 210,000 134,000 108,000 Operating Expenses Income From Operations Interest Expense Income Before Income Tax 85,000 9,000 76,000 17,000 Accounts Receivables, Net Merchandise Inventory Prepaid Expenses Total Current Assets 144,000 13,000 116,000 $ 102,000 160,000 208,000 6.000 76,000 17,000 59,000 25,000 357,000 218,000 372,000 181,000 Income Tax Expense Property, Plant, and Equipment, Net $ 59,000 $ 34,000 $ 575,000 $ Total Assets 553,000 Net Income $598,000 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 1. Debt to equity ratio Rate of return on common stockholders' equity h. Earnings per share of common stock i. Pricelearnings ratio 2. Decide (a) whether Panfield'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. Liabilities Total Current Liabilities $ 226,000 $ Print Done 247,000 95,000 120,000 Long-term Liabilities Total Liabilities 346,000 342,000 Additional Financial Information - X Stockholders' Equity Print Done Preferred Stock, 5% 102,000 102,000 127,000 Common Stockholders' Equity, no par 109,000 90,000 1. Market price of Panfield's common stock: 568.96 at December 31, 2018, and $36.15 at December 31, 2017 2. Common shares outstanding: 13,000 on December 31, 2018 and 12,000 on December 31, 2017 and 2016. 3. All sales are on credit. $ 575,000 $ 553,000 Total Liabilities and Stockholders' Equity * Selected 2016 amounts Print Done Print Done Choose from any drop-down list and then click Check