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Begin by performing a vertical analysis of Tri Designs' balance sheet for 2024, then perform the analysis for 2023. (Round the percent of total amounts to one 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 % 5 44.400 Property, plant, and Equipment, Net 208.335 73.1 % 109 150 33.915 119 31.450 Other Assets 285,000 100.0 $ 185.000 Total Assets Liabilities Total Current Liabilities 49,020 172 % 5 30,155 109.155 Long-term Debt 38.3 127.650 Total Liabilities 158,175 55,5 % 157.805 Stockholders' Equity 126,825 44.5 Total Stockholders' Equity 27195 285,000 100.0 185.000 Total Liabilities and Stockholders' Equity X Data table 2023 44.400 109,150 31.450 TH Designs, Inc. Comparative Balance Sheet December 31, 2024 and 2023 2024 Assets Total Current Assets 5 42.750 $ Property, Plant, and Equipment, Net 208 335 Other Assets 33.915 285,000 $ Total Assets Liabilities Total Current Liabilities 49.020 $ Long-term Debt 109. 155 Total Liabilities 158.175 Stockholders' Equity Total Stockholders' Equity 126.825 $ 285.000 $ Total Liabilities and Stockholders' Equity 185.000 30.155 127.650 157 805 27.195 185.000 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 Earings 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, X.XX.) Current Ratio Debt Ratio Earnings per Share 1.50 0.65 5 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, X.XX.) (Click on the loon to view the transactions) Current Ratio Debt Ratio Earnings per Share Data table Cash Accounts Receivable, Net Merchandise Inventory Total Assets Accounts Payable Accrued Liabilities Short-term Notes Payable Long-term Liabilities Net Income Common Shares Outstanding 19,000 81,000 184,000 635,000 99,000 41,000 49,000 223,000 72.000 40.000 shares Requirement la 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, XXX) 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 and 2023. (Round your answers to two decimal places, X.XX.) Cash ratio 2024 2023 - X Income statement 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 11,000 Interest Expense 13,000 Income Before Income Tax 71.000 62.000 21.000 27.000 Income Tax Expense 50,000 $ 35,000 Net Income $