Score: 0 of 3 pts P15-27A (similar to) icon to view the additional financial information) Comparative financial statement data of Ranfield, Inc. follow: (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. Begin by selecting the formula to compute the current ratio. Current ratio- O Requirements 1. Compute the following ratios for 2018 and 2017: a. Current ratio b. Cash ratio c. Times-interest-earned ratio d. Inventory tumover e. Gross profit percentage Debt to equity ratio g. Rate of return on common stockholders' equity h. Earnings per share of common stock . Pricelearnings ratio 2. Decide (a) whether Ranfield'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 1 Choose from any drop-down list and then click Check Answ 18 le 19 parts I remaining tior 0 Income Statement Ranfield, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 Net Sales Revenue $ 461,000 $ 427,000 237,000 217,000 Cost of Goods Sold Gross Profit 224,000 136,000 210,000 134,000 Operating Expenses Income From Operations 88,000 10,000 76,000 11,000 ute Curr Cash Time Inve Grog Deb Rate - Eam Price ecide eterior commo Interest Expense Income Before Income Tax Income Tax Expense 78,000 20,000 58,000 $ 65,000 26,000 39,000 Net Income $ Print Done] Done Clear All 2 of 2 (0 complete) Balance Sheet Ranfield, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 2016* Assets Current Assets: Cash Accounts Receivables, Net Merchandise Inventory $ 97,000 $ 114,000 144,000 14,000 95,000 116,000 $ 101,000 165,000 205,000 7,000 383,000 182,000 Prepaid Expenses Total Current Assets Property, Plant, and Equipment, Net 369,000 211,000 $ 580,000 $ 565,000 $595.000 Total Assets Liabilities Total Current Liabilities Long-term Liabilities Total Liabilities $ 229,000 $ 119,000 247,000 95,000 348,000 342,000 Print Print Done 2 of 2 (0 complete) Balance Sheet Cash Accounts Receivables, Net. Merchandise Inventory Prepaid Expenses Total Current Assets Property, Plant, and Equipment, Net 97,000 $ 114,000 144,000 14,000 95,000 116,000 $ 101,000 165,000 205,000 7,000 369,000 211,000 383,000 182,000 $ 580,000 $ 565,000 $595,000 Total Assets Liabilities Total Current Liabilities Long-term Liabilities Total Liabilities 229,000 $ 119,000 247,000 95,000 348,000 342,000 Stockholders' Equity Preferred Stock, 5% Common Stockholders' Equity, no par Total Liabilities and Stockholders' Equity * Selected 2016 amounts 106,000 126,000 580,000 $ 106,000 117,000 565,000 90.000 $ Print Done 2 of 2 (0 complete) A (Click the icon to view the additional financ Read the paquirements. Requirements . 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 2. Decide (a) whether Ranfield'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 Clear All Score: 0 of 3 pts P15-27A (similar to) icon to view the additional financial information) Comparative financial statement data of Ranfield, Inc. follow: (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. Begin by selecting the formula to compute the current ratio. Current ratio- O Requirements 1. Compute the following ratios for 2018 and 2017: a. Current ratio b. Cash ratio c. Times-interest-earned ratio d. Inventory tumover e. Gross profit percentage Debt to equity ratio g. Rate of return on common stockholders' equity h. Earnings per share of common stock . Pricelearnings ratio 2. Decide (a) whether Ranfield'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 1 Choose from any drop-down list and then click Check Answ 18 le 19 parts I remaining tior 0 Income Statement Ranfield, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 Net Sales Revenue $ 461,000 $ 427,000 237,000 217,000 Cost of Goods Sold Gross Profit 224,000 136,000 210,000 134,000 Operating Expenses Income From Operations 88,000 10,000 76,000 11,000 ute Curr Cash Time Inve Grog Deb Rate - Eam Price ecide eterior commo Interest Expense Income Before Income Tax Income Tax Expense 78,000 20,000 58,000 $ 65,000 26,000 39,000 Net Income $ Print Done] Done Clear All 2 of 2 (0 complete) Balance Sheet Ranfield, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 2016* Assets Current Assets: Cash Accounts Receivables, Net Merchandise Inventory $ 97,000 $ 114,000 144,000 14,000 95,000 116,000 $ 101,000 165,000 205,000 7,000 383,000 182,000 Prepaid Expenses Total Current Assets Property, Plant, and Equipment, Net 369,000 211,000 $ 580,000 $ 565,000 $595.000 Total Assets Liabilities Total Current Liabilities Long-term Liabilities Total Liabilities $ 229,000 $ 119,000 247,000 95,000 348,000 342,000 Print Print Done 2 of 2 (0 complete) Balance Sheet Cash Accounts Receivables, Net. Merchandise Inventory Prepaid Expenses Total Current Assets Property, Plant, and Equipment, Net 97,000 $ 114,000 144,000 14,000 95,000 116,000 $ 101,000 165,000 205,000 7,000 369,000 211,000 383,000 182,000 $ 580,000 $ 565,000 $595,000 Total Assets Liabilities Total Current Liabilities Long-term Liabilities Total Liabilities 229,000 $ 119,000 247,000 95,000 348,000 342,000 Stockholders' Equity Preferred Stock, 5% Common Stockholders' Equity, no par Total Liabilities and Stockholders' Equity * Selected 2016 amounts 106,000 126,000 580,000 $ 106,000 117,000 565,000 90.000 $ Print Done 2 of 2 (0 complete) A (Click the icon to view the additional financ Read the paquirements. Requirements . 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 2. Decide (a) whether Ranfield'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 Clear All