Comparative financial statement data of Panfield$,$ Inc.$$ follow:

Question list Balance Sheet Assets Current Assets: Cash Accounts Receivables, Net Merchandise Inventory Prepaid Expenses Total Current Assets Comparative financial statement data of Panfieldi Inc. follow: (Click the icon to view the income statement.) 1. Compute the following ratios for 2024 and 2023: Panfield, Inc. Comparative Balance Sheet December 31, 2024 and 2023 Income Statement Panfield, Inc. Comparative Income Statement a. b. c. d. e. f. g. h. Current ratio Cash ratio Times-interest-earned ratio Inventory turnover Gross profit percentage Debt to equity ratio Rate of return on common stockholders' equity Earnings per share of common stock Price/earnings ratio 2. 2024 97,000 s 113,000 149,000 17,000 376,000 219,000 595,000 $ 227,000 s 120,000 Done 2023 94,000 119,000 s 163,000 9,000 385,000 172,000 557,000 242,000 96,000 2022* 106,000 206,000 $597,000 Years Ended December 31, 2024 and 2023 Decide (a) whether Panfield'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. Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Income From Operations Interest Expense Income Before Income Tax Income Tax Expense Net Income print s s 2024 458,000 s 242,000 216,000 136,000 80,000 13,000 67,000 20,000 47,000 $ Done 2023 428,000 215,000 213,000 134,000 79,000 17,000 62,000 24,000 38,000 print Property, Plant, and Equipment, Net Total Assets Liabilities Total Current Liabilities Long-term Liabilities print Done Clear all Check answer