reuirment 1a-1d finished. 11 parts remaining.

% P17-27A (book/static) (Click the icon to view the additional finan Comparative financial statement data of Sanfield, 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.) 2018: 2017: 1.64 1.57 Requirement 1b. Compute the cash ratios for 2018 and 2017. Begin by selecting the formula to compute the cash ratio. Choose from any drop-down list and then click Check Answer. 11 parts Clear All remaining P17-27A (book/static) (Click the icon to view the additional financial info Comparative financial statement data of Sanfield, Inc. follow: (Click the icon to view the income statement.) PER (Click the icon to view the balance sheet.) Read the requirements Requirement 1b. Compute the cash ratios for 2018 and 2017 Begin by selecting the formula to compute the cash ratio. Cash ratio = (Cash + Cash equivalents) / Total current liabilities Now, compute the cash ratios for 2018 and 2017. (Round your answers to two decimal places, X.XX.) 2018: 0.45 2017: 0.40 Requirement 10. Compute the times-interest-earned ratios for 2018 and 2017. Begin by selecting the formula to compute the times-interest-earned ratio. - . Choose from any drop-down list and then click Check Answer. 1 Clear All - parts remaining % P17-27A (book/static) Comparative financial statement data of Sanfield, Inc. follow: (Click the icon to view the income statement.) E (Click the icon to view the balance sheet.) (Click the icon to view the additional financial Read the requirements Requirement 10. Compute the times-interest-earned ratios for 2018 and 2017. Begin by selecting the formula to compute the times-interest-earned ratio. Times-interest-earned ratio = (Net Income + Income tax expense + Interest expense) / Interest expense Now, compute the times interest earned ratios for 2018 and 2017. (Round your answers to two decimal places, X.XX.) 2018: 11.38 2017: 7.00 Requirement 1d. Compute the inventory turnover ratios for 2018 and 2017 Begin by selecting the formula to compute the inventory turnover ratio. Inventar tuner ratin Cost of goods sold / Aver ce merchandise inventory Choose from any drop-down list and then click Check Answer. 11 remaining 11 parts Clear All P17-27A (book/static) (Click the icon to view the additional financial Comparative financial statement data of Sanfield, Inc. follow: (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) Read the requirements Requirement 1d. Compute the inventory turnover ratios for 2018 and 2017. Begin by selecting the formula to compute the inventory turnover ratio. Inventory turnover ratio - Cost of goods sold / Average merchandise inventory Now, compute the inventory turnover ratios for 2018 and 2017 (Round your answers to two decimal places, X.XX.) 2018: 1.54 2017: 1.15 Requirement te. Compute the gross profit percentage for 2018 and 2017 Begin by selecting the formula to compute the gross profit percentage. Gross profit percentage Choose from any drop-down list and then click Check Answer. 11 remaining Clear All P17-27A (book/static) Comparative financial statement data of Sanfield, Inc. follow: A (Click the icon to view the additional finan (Click the icon to view the (Click the icon to view the Average merchandise inventory / Net sales revenue u verwe (Cash + Cash equivalents) / Total current liabilities sh Cashaulivalents) Begin by selecting the formula (Cash + Accounts receivable, net) / Total current liabilities Inventory turnover ratio = Cost of goods sold / Average merchandise inventory Gross profit/Net sales revenue Now, compute the inventory tu Market price per share f common stock/Earnings per share (Net Income + Income tax expense + Interest expense) / Interest experise 2018: 1.54 (Net income - Preferred dividends) / Average common stockholder's equity 2017: 1.15 (Net income - Preferred dividends) / Weighted average number of common shares outstanding Total current assets/Total current liabilities Requirement 1e. Compute the Total equity / Total liabilities Begin by selecting the formula Total liabilities/Total equity Gross profit percentage = Choose from any drop-down list and then click Check Answer. 11 parts remaining Clear All i Income Statement bna Years Ended December 31, 2018 and 2017 2018 2017 ve lo 462,000 $ 430,000 236,000 213,000 N 20 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Income From Operations Interest Expense Income Before Income Tax 226,000 135,000 217,000 133,000 91,000 8,000 84,000 12,000 rcer 83,000 grol Income Tax Expense 72,000 22,000 50,000 $ 65,000 $ Net Income Slick Print Done bala 0 m a to Sanfield, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 Cog 2017 2016* turnog Y the gro ula to Assets Current Assets: Cash Accounts Receivables, Net Merchandise Inventory Prepaid Expenses Total Current Assets Property Plant and Fruinment Net 99,000 $ 109,000 142,000 15,000 365,000 215,000 97,000 117,000 $ 100,000 164,000 207.000 5,000 383,000 177,000 MANI nt de inco bale Property, Plant, and Equipment, Net 215,000 177,000 560,000 25 $ 580,000 $ a to $599,000 Cos Total Assets Liabilities Total Current Liabilities Long-term Liabilities Total Liabilities $ turnoy 222,000 $ 113,000 244,000 92,000 336,000 335,000 the grd ula to Stockholders' Equity Preferred Stock, 4% Common Stockholders' Equity, no par Total Liabilities and Stockholders' Equity 92,000 153,000 92,000 132,000 560,000 85.000 $ 580,000 $ own list , , , $ 580,000 $ 560,000 S599,000 Total Assets Liabilities Total Current Liabilities Long-term Liabilities Total Liabilities 222,000 $ 113,000 244,000 92,000 335,000 336,000 ard od Stockholders' Equity Preferred Stock, 4% Common Stockholders' Equity, no par Total Liabilities and Stockholders' Equity * Selected 2016 amounts 92,000 153,000 580,000 $ ; 92,000 132,000 560,000 85,000 $ list Print Done Additional Financial Information ir ral iny 1. Market price of Sanfield's common stock: $51.48 at December 31, 2018, and $37.08 at December 31, 2017, 2. Common shares outstanding: 16,000 on December 31, 2018 and 15,000 on December 31, 2017 and 2016 3. All sales are on credit e. Col ing the Print (Done Print . ost of over 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. Pricelearnings ratio Decide (a) whether Sanfield'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. 2. gross to com