Income Statement Balance Sheet Balance Sheet Additional Financial Information 1. Market price of Ranfield's common stock: $90.44 at December 31, 2024, and $58.35 at December 31, 2023. 2. Common shares outstanding: 11,000 on December 31, 2024 and 10,000 on December 31, 2023 and 2022. 3. All sales are on credit. Requirements 1. Compute the following ratios for 2024 and 2023 : 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 Ranfield'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. Comparative financial statement data of Ranfield, Inc. follow: (Click the icon to view the income statement.) (i) (Click the icon to view the ad (Click the icon to view the balance sheet.) Read the requirements. Requirement 1a. Compute the current ratios for 2024 and 2023. Begin by selecting the formula to compute the current ratio. Current ratio Now, compute the current ratios for 2024 and 2023. (Round your answers to two decimal places, X.XX.) Requirement 1b. Compute the cash ratios for 2024 and 2023. Begin by selecting the formula to compute the cash ratio. Cash ratic Now, compute the cash ratios for 2024 and 2023. (Round your answers to two decimal places, XXX.) Requirement 1c. Compute the times-interest-earned ratios for 2024 and 2023. Begin by selecting the formula to compute the times-interest-earned ratio. Times-interest-earnedratio= Now, compute the times-interest-eamed ratios for 2024 and 2023. (Round your answers to two decimal places, X.XX.) Times-interest-earned Comparative financial statement data of Ranfield, Inc. follow: (Click the icon to view the income statement.) (Click the icon to vie (Click the icon to view the balance sheet.) Read the requirements: Requirement 1c. Compute the times-interest-earned ratios for 2024 and 2023. Begin by selecting the formula to compute the times-interest-earned ratio. Times-interest-earned ratio = Now, compute the times-interest-earned ratios for 2024 and 2023. (Round your answers to two decimal places, X.XX.) Requirement 1d. Compute the inventory tumover ratios for 2024 and 2023. Begin by selecting the formula to compute the inventory turnover ratio. Inventory turnover ratio Now, compute the inventory turnover ratios for 2024 and 2023. (Round your answers to two decimal places, X.XX.) Requirement 1e. Compute the gross profit percentage for 2024 and 2023. Begin by selecting the formula to compute the gross profit percentage. Gross profit percentage = Now, compute the gross profit percentage for 2024 and 2023. (Round your answers to one tenth of a percent, X.X. Do not enter the \%. For Comparative financial statement data of Ranfield, Inc. follow: (Click the icon to view the income statement.) (i) (Click the icon to view the add (Click the icon to view the balance sheet.) Read the requirements. Requirement 1e. Compute the gross profit percentage for 2024 and 2023. Begin by selecting the formula to compute the gross profit percentage. Gross profit percentage Now, compute the gross profit percentage for 2024 and 2023. (Round your answers to one tenth of a percent, X.X. Do not enter the \%. For example, Requirement 1f. Compute the debt to equity ratios for 2024 and 2023. Begin by selecting the formula to compute the debt to equity ratio. Debt to equity ratio Now, compute the debt to equity ratios for 2024 and 2023. (Round your answers to two decimal places, X.XX.) Requirement 1g. Compute the rate of return on common stockholders' equity for 2024 and 2023. Begin by selecting the formula to compute the rate of return on common stockholders' equity. Rate of retum on common stockholders' equity = Now, compute the rate of return on common stockholders' equity for 2024 and 2023. (Round your answers to one tenth of a percent, X.X. Do not en Comparative financial statement data of Ranfield, Inc. follow: (Click the icon to view the income statement.) (i) (Click the icon to view (Click the icon to view the balance sheet.) Read the requirements Requirement 1g. Compute the rate of return on common stockholders' equity for 2024 and 2023. Begin by selecting the formula to compute the rate of return on common stockholders' equity. Rate of retum on common stockholdersequity=[ Now, compute the rate of return on common stockholders' equity for 2024 and 2023. (Round your answers to one tenth of a percent, X.X. DC Requirement 1h. Compute the earnings per share of common stock for 2024 and 2023. Begin by selecting the formula to compute the earnings per share of common stock. Earningspershare=[ Now, compute the earnings per share for 2024 and 2023. (Round your answers to the nearest cent, \$X.XX.) Requirement 1i. Compute the price/earnings ratio for 2024 and 2023. Begin by selecting the formula to compute the price/earnings ratio. Comparative financial statement data of Ranfield, Inc. follow: (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) (C) (Click the icon to view the addition Read the requirements 2uRs Requirement 1h. Compute the earnings per share of common stock for 2024 and 2023. Begin by selecting the formula to compute the earnings per share of common stock. Earnings per share = Now, compute the earnings per share for 2024 and 2023. (Round your answers to the nearest cent, $XXX.) Requirement 1i. Compute the price/earnings ratio for 2024 and 2023. Begin by selecting the formula to compute the price/earnings ratio. Pricelearnings ra Now, compute the price/earnings ratio for 2024 and 2023. (Round your interim calculations and final answers to two decimal places, X.XX.) Requirement 2. Decide (a) whether Ranfield's ability to pay debts and to sell inventory improved or deteriorated during 2024 and (b) whether the inves increased or decreased. (a) Did Ranfield's ability to pay its debts and to sell inventory improve or deteriorate during 2024? (b) Did the investment attractiveness of Ranfield's common stock appear to have increased or decreased