Comparative financial statement data of Lanfield, Inc. follow:

E (Click the icon to view the income statement.)

HA (Click the icon to view the balance sheet.)

Requirements

1. Compute the following ratios for 2024 and 2023:

a. Current ratio

b. Cash ratio

C.

Times-interest-earned ratio

d. Inventory turnover

Gross profit percentage

Debt to equity ratio

g. Rate of return on common stockholders' equity

h. Earnings per share of common stock

Price/earnings ratio

Decide (a) whether Lanfield's ability to pay debts and to sell inventory improved or

deteriorated during 2024 and (b) whether the investment attractiveness of its

common stock appears to have increased or decreased.

Print

Done

@Click the icon to view the additional financial information.)

Read the requirements

1 Comparative financial statement data of Lanfield, Inc. follow (Click the icon to view the income statement) Balance sheet Income statement Lanfield, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 2024 2023 Net Sales Revenue $ 468,000 $424.000 Cost of Goods Sold 240,000 214.000 Gross Profit 228,000 210.000 Operating Expenses 136,000 134.000 Income From Operations 92,000 76,000 14,000 18.000 Interest Expense Income Before Income Tax 78,000 60.000 Income Tax Expense 21,000 26,000 Not Income $57,000 34.000 Lanfield, Inc. Comparative Balance Sheet December 31, 2024 and 2023 2024 2023 2022 Assets Current Assets Cash 92,000 $ 90,000 Accounts Receivablen, Net 108,000 118,000 $ 103,000 Morchandise Inventory 147.000 163,000 209.000 Propald Expenses 17.000 10.000 Total Current Assets 364,000 301.000 210.000 Property, Plant, and Equipment. Net 172.000 $ 583,000 $ 553,000 Total Assets $507.000 Liabilities Total Current Liabilities $ 229,000 $ 241,000 Long-term Liabilities 110.000 90.000 Total Liabilities 345,000 339.000 Print Done Print Done Click the icon to view the dominancial information! Comparative financial statement of Lanteld. Infolow Click the moon to view the income statement Back the con to view the balance sheet Read the X Requirements Additional financial information 1. Computer tokowing stics for 2024 and 2023 Current b. Cashratie Tinireamed ratio d. Inventory Gre profil percentage I Promings ratio chos quity 2. Decide (a) whether Lanald's abity to pay debts and to set inventory improved or deteriorated during 2024 and (b) whether the investment attractiveness of common stock appears to have increased or decreased 1. Market price of Lefk's common stock $110.52 st December 31, 2004, and $4.75 at December 31, 2023, 2. Common shares outstanding 9,000 on December 31, 2004 and 8.000 on December 31, 2023 and 2022. 3. Ale are on credit 9 Print Done Print Done Comparative financial statement data of Lanfield. Inc. follow then to view the income talent Click to view the best the view the door mind Real Requirements Comelecus for 2004 and 2003 Begin by secting the come to come the current to Curent Now compute the currentice for 2014 und 2023. Cound your answer to decim. XXX Current ratio 2014 2023 Requirement i Comte the cash for 2004 2003 Begins by the time to compute the cash Cathralle Now compute the catholiester 2004 and 2003 (tawid you sure to two decimal pow. X.XX) Cash ratio 2014 2003 Requirement i Compule meelmed nation for 2004 and 2008 Begls by selecting the formula to compute the times restored ratio Comparative facilement du Landine flow then to view the income then to view the balance sheet e convicted on financial normation Read Now, compune te mesinteresteamed atostor 2024 and 2023. Round your awesome, xxx Timesteamed 2023 Requirement 1. Compute the inventory tumover atosto 2004 2002 Bagety come to the new nyumove Now computer interese 20 w203 wytwww me XXX) turnoverat 2023 Requirement 16. Concute the grous prott percentage to 2024 2021 tegin by reforms to come the property Gros propre Now compute te pres putt persentase ter 2004 and 2022. Round you to watapewe XX Dental, 9.232 1023 Gres prot Comparative nancial statement data of Lanfield Ine.folow contoh twin comment Click the contest the oven and women Read the RO 2009 Requirement 1. Complete dobiti asukynatost 2024 and 2003. Begin by electing the mus to come the debt to cut to Due to buy Now compute the one to y ratio for 2024 2025. Round your store decomalom XXX Dette collie 2014 2023 Requirement i Complete le of monconion sockoreguly 2004 an 2003 Ben by Sing the forms to come the rule of non common se Rolumn Now compute the root rotum on common colore outy by 2021 2025, chound your mins to one who percent. XX.Do not enter we are one 10:34 102) ale return on code equity 2014 2023 Den marchew Comparative facilement data of Lanfield. Ine.foto more conto view the income statement is the won to view the bath Dicio tecniew the additional information Rete Requirement th. Compute the cominge por share of common stock for 2024 and 2023 Bagin by cing the formule to compute the image per shore of common stock Earnings per share Now, complete camins per a fer 2024 and 2003 Round your het. X.XXX Earnings per share of common stock 2024 2023 Requirement Il Compute the promings for 2014 and 2023. Begin by selecting the formula to compute the proemingsradio Now, congue e pelaminate for 2004 and 2003. Found your ans and that was to two dema XX.) Pricelarning ratio 2024 2023 Hoquirement 2. Decide whether Laney to pay doble and to sell or improved or deleted during 2044 und hoher the investment adverts of its common senso we need order (a) Die Lantele bity to pay ta ditts and to sell or improve or durante during 2009 Dia se investment atractiveness of Lanfolds common stock aspear to have increased or decromed? Comparativenement des collane. In todo mich the contre comment lok the con to view the bonesest.) Dick The two womation Read the Begin by lecting theme to compute the coming per har man lick Bags por No, complete caminar 2004 and 2003. Polyuret. XXX) Cerninge per la of common sich 2014 2025 Memento em ritu 20 and Bagn em to come tengo Now compie De pricamingu rato 2004 and 2003. Round your mon saloons and that acown to two tamat per Xxx Pranings 2034 2023 Requirement 2 Oude (watter Lanterna dels and to sell your loved 2004 und whether the intense of the common soporte no dormel (a) Old Lantes abity to pay ta detto intory improve or during 20247 Od the investment attractiveness of Lantais common stock appear to have notes or decret? Click the icon to view the balance sheet.) Read the requirements 2024 Login by selecting the formula to compute the eamings per share of common stock Earnings per share dow, compute the earning Earnings per of common Average merchandise inventory + Net sales revenue (Cash + Cash equivalents) + Total current liabilities 023 (Cash + Accounts receivable, net) + Total current liabilities Requirement 11. Compute login by selecting the forr Cost of goods sold + Average merchandise inventory Pricamingu radio Gross profit + Net sales revenue dow, compute tho pelo Market price per share of common stock + Earnings per sharo Pricelearnin ratio (Net Income + Income tax expense + Interest expense) - Interest exponse (Net income - Preferred dividends) + Average common stockholder's equity 023 oquirement 2. Decido (e (Net income - Preferred dividends) + Weighted average number of common shares outstanding nont attractiveness of its common stock appears -) Did Lanfield's ability to Total current assets + Total current liabilities 5) Did the investment attr Total equity - Total liabilities Total liabilities + Total equity 024 - Time Begin by selecting the formulate compute the printings are Promet Now compute the bricolaatsinge ratio tox 2024 and 2023. Round your interim Calodation and heat arowers to decimal places Xxx Paris Patio 2004 Mand whether the mental como look at hver deres improve Requirement 2. Decide) water Laney to pay attend to servery improve Old Landsbity to peits debts and interior daring 20047 Did the investment atractiveness of Lantais common to appear to have created or decrease? Primarning 2023 deosed bi whether the invece of its common sok appronto have increased or decreed norased Requirement de rather Lantels to pay debts and to sell tory improved or dette (a) Old Lanields abity to pay its debts and to sell inventory improve or deteriorate during 2017 y Did tha Investment strativeness landets common stochopear to how heromod te ducrated