The condensed fi nancial statements of Ness Company for the years 2016 and 2017 are presented below.

NESS COMPANY Balance Sheets December 31 (in thousands)

2017 2016 Current assets Cash and cash equivalents $ 330 $ 360 LO15 Accounts receivable (net) 470 400 Inventory 460 390 Prepaid expenses 130 160 Total current assets 1,390 1,310 Property, plant, and equipment (net) 410 380 Investments 10 10 Intangibles and other assets 530 510 Total assets $2,340 $2,210 Current liabilities $ 820 $ 790 Long-term liabilities 480 380 Stockholders’ equity—common 1,040 1,040 Total liabilities and stockholders’ equity $2,340 $2,210 NESS COMPANY Income Statements For the Year Ended December 31 (in thousands)

2017 2016 Sales revenue $3,800 $3,460 Costs and expenses Cost of goods sold 970 890 Selling & administrative expenses 2,400 2,330 Interest expense 10 20 Total costs and expenses 3,380 3,240 Income before income taxes 420 220 Income tax expense 168 88 Net income $ 252 $ 132 Compute the following ratios for 2017 and 2016.

(a) Current ratio.

(b) Inventory turnover. (Inventory on December 31, 2015, was $340.)

(c) Profi t margin.

(d) Return on assets. (Assets on December 31, 2015, were $1,900.)

(e) Return on common stockholders’ equity. (Equity on December 31, 2015, was $900.)

(f) Debt to assets ratio.

(g) Times interest earned.