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Requirement 1a. Compute the current ratios for 2024 and 2023. Begin by selecting the formula to compute the current ratio. Current ratio = Total current

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Requirement 1a. Compute the current ratios for 2024 and 2023. Begin by selecting the formula to compute the current ratio. Current ratio = Total current assets + Total current liabilities Now, compute the current ratios for 2024 and 2023. (Round your answers to two decimal places, X.XX.) Current ratio 2024 1.62 2023 1.56 Requirement 1b. Compute the cash ratios for 2024 and 2023. Begin by selecting the formula to compute the cash ratio. Cash ratio (Cash + Cash equivalents) - Total current liabilities Now, compute the cash ratios for 2024 an Cash ratio Income statement 2024 2023 Dangerfield, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 2024 2023 Net Sales Revenue $ 459,000 $ 424,000 Cost of Goods Sold 241,000 215,000 Gross Profit 218,000 209,000 Operating Expenses 136,000 134,000 Income From Operations 82,000 75,000 Interest Expense 11,000 13,000 Income Before Income Tax 71,000 62,000 Income Tax Expense 21,000 27,000 $ Net Income 50,000 $ 35,000 Requirement 1. Compute Off Road Traveler's current ratio, debt ratio, and earnings per share. Round all ratios to two decimal places. Begin by selecting the formula for each ratio Current ratio - Total current assets + Total current liabilities Debt ratio - Total liabilities + Total assets Earnings per Share = (Net Income - Preferred dividends) + Weighted average number of common shares outstanding Now.compute Off Road Traveler's current ratio, debt ratio, and earnings per share. (Round all ratios to two decimal places, XXX) Current Ratio Debt Ratio Earnings per Share 1.50 0.65 $ 1.80 Requirement 2. Compute the three ratios after evaluating the effects of each transaction. Consider each transaction separately (Round all ratios to two decimal places, XXX) (Click on the icon to view the transactions.) Current Ratio Debt Ratio Earnings per Share a Data table 19,000 81,000 184.000 635,000 99,000 Cash Accounts Receivable, Net Merchandise Inventory Total Assets Accounts Payable Accrued Liabilities Short-term Notes Payablo Long-term Liabilities Net Income Common Shares Outstanding 41,000 49,000 223,000 72,000 40,000 shares Begin by performing a vertical analysis of Trni Designs balance sheet for 2024, then perform the analysis for 2023. (Round the perce decimal place, XX%) Tri Designs, Inc. Balance Sheet December 31, 2024 and 2023 2024 Percent of Total 2023 Percent of Total Assets Total Current Assets $ 42.750 15.0 % $ 44,400 % Property. Plant, and Equipment, Net 208,335 73.1 % 109, 150 % Other Assets 33.915 11.9 31,450 % % 285,000 Total Assets 100.0 185,000 % Liabilities Total Current Liabilities $ 49,020 30.155 % Long-term Debt 109,155 127,650 % Total Liabilities 158,175 55.5 % 157.805 % Stockholders' Equity Total Stockholders' Equity 126,825 44,5 27,195 Total Liabilities and Stockholders' Equity 285,000 100.0 185,000 Data table 17.2 % 38.3% % Th Designs, Inc. Comparative Balance Sheet December 31, 2024 and 2023 2024 2023 44,400 42.750 $ 208,335 33,915 109,150 31.450 $ 285,000 S 185,000 Assets Total Current Assets Property, Plant, and Equipment, Net Other Assets Total Assets Liabilities Total Current Liabilities Long-term Debt Total Liabilities Stockholders' Equity Total Stockholders' Equity 49,020 $ 109,155 30.155 127.650 158,175 157,805 126,825 27,195 $ 285,000 $ 185,000 Total Liabilities and Stockholders' Equity

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