Comparative financial statement data of Sanfield, Inc. follow:

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.
Requirements
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. Price/earnings ratio
2. 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.

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SANFIELD, INC. SANFIELD, INC. Comparative Balance Sheet December 31, 2018 and 2017 Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 2018 2017 2016* $ 462,000 $ 430,000 Assets Net Sales Revenue 236,000 Current Assets: Cost of Goods Sold 213,000 $ 99,000 $ 97,000 Cash Gross Profit 226,000 217,000 $ 100,000 109,000 Accounts Receivable, Net 117,000 Operating Expenses 135,000 133,000 91,000 Merchandise Inventory 142,000 164,000 207,000 Income from Operations 84,000 5,000 Interest Expense Prepaid Expenses 15,000 8,000 12,000 383,000 Total Current Assets 365,000 72,000 Income Before Income Tax 83,000 177,000 Property, Plant, and Equipment, Net 215,000 Income Tax Expense 18,000 22,000 $ 580,000 $ 599,000 $ 560,000 $ 50,000 Total Assets $ 65,000 Net Income Liabilities $ 2,00 S 244,000 Total Current Liabilities Long-term Liabilities 113,000 92,000 336,000 Total Liabilities 335,000 Stockholders' Equity Preferred Stock, 4% 92,000 92,000 Common Stockholders' Equity, no par 132,000 153,000 85,000 $ 580,000 $ 560,000 Total Liabilities and Stockholders' Equity