Sheet.) 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.) Current ratio 2018 1.61 2017 1.56 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.) Cash ratio 2018 0.41 2017 0.37 Requirement 1c. Compute the times-interest-eamed ratios for 2018 and 2017. Begin by selecting the formula to compute the times-interest-eared ratio. Times-interest-earned ratio Help Me Solve This DemoDocs Example Get More Help 2018 2017 2016 Assets Current Assets Cash Hanfield, Inc Comparative Income Statement Years Ended December 31, 2016 and 2017 2015 2017 Net Sales Revenue $ 400,000 $426,000 Cost of Goods Sold 243,000 217.000 Gross Profit 217.000 200,000 Operating Expenses 130.000 137,000 Income From Operations 76.000 72.000 11,000 13.000 Interest Expense Income Before Income Tax 67,000 50.000 10,000 20.000 Income Tax Expense 140.000 30.000 Net income Accounts Receivables. Not Merchandise inventory Prepaid Expenses Total Current Assets Property, plant and Equipment. Net Total Assets Liabile Total Current Liabilities Long-term Liabilities Total Liabilities 5 92.000 90.000 110,000 119.000 100.000 143,000 161.000 210.000 13.000 10.000 16000 0.000 211.000 114.000 100.000 55.000 SOM. 3000 33.00 120.000 100.000 3000 20 Stockholders' Equity Preferred Stock 0% Print Done 100.000 102.000