DANFIELD, INC. Compute the following ratios for 20

DANFIELD, INC.
Comparative Income Statement Years Ended December 31, 2012 and 2011

 Compute the following ratios for 2012 and 2011:

2012 2011 2010
Current assets:
Cash $97,000 $95,000
Current receivables, net 112,000 118,000 $102,000
Inventories 145,000 163,000 203,000
Pre-paid expenses 12,000 5,000
Total current assets $366,000 $381,000
Property, plant, and equipment, net 211,000 179,000
Total assets $577,000 $560,000 598,000
Total current liabilities $225,000 $246,000
Total liabilities $339,000 $343,000
Preferred stock, 3% 108,000 108,000
Common stockholders’ equity , no par 130,000 109,000
Total liabilities and stockholders’ equity $577,000 $560,000
Selected 2010 amounts

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