2016 $360 WILDHORSE CO. Balance Sheets December 31 (in thousands) 2017 Current assets Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Total current assets Property, plant, and equipment (net) Investments Intangibles and other assets Total assets Current abilities Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity 12,700 2,570 WILDHORSE CO. Income Statements For the Year Ended December 31 (in thousands) 2017 2016 Sales revenue $4,000 Costs and expenses Cost of goods sold 1,050 970 Selling & administrative expenses 2,400 2,330 Interest expense Total costs and expenses 3.460 Income before income taxes Income tax expense Net income $ 324 $ 204 12 Compute the following ratios for 2017 and 2016. (Round current ratio and inventory turnover to 2 decimal places, eg 1.83 and all other answers to I decimal ka) Current ratio (b) Inventory turnover. (Inventory on December 31, 2015, was $350.) 10) Profit margin. (a) Current ratio. (b) Inventory turnover. (Inventory on December 31, 2015, was $350.) (c) Profit margin. (d) Return on assets. (Assets on December 31, 2015, were $2,780.) (e) Return on common stockholders' equity. (Equity on December 31, 2015, was $980.) (0) Debt to assets ratio. (9) Times interest earned. 2017 2016 Current ratio. Inventory turnover. Profit margin. Return on assets. Return on common stockholders' equity. Debt to assets ratio. Times interest earned. times times