2020 2019 $310 510 410 110 1,340 450 $370 360 390 140 1,260 370 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 liabilities Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity 10 560 $2,351 $780 561 1,010 $2,351 490 $2,130 $800 320 1,010 $2,130 Ness Company Income Statements For the Years Ended December 31 (in thousands) 2020 2019 Sales revenue $3,750 $3,420 Costs and expenses Cost of goods sold 970 850 Selling & administrative expenses 2,440 2,280 Interest expense 20 Total costs and expenses 3,420 3,150 Income before income taxes 330 Income tax expense 132 108 Net income $198 $162 270 Compute the following ratios for 2020 and 2019. Inventory on December 31, 2018, was $310. Assets on December 31, 2018, were $1,920. Equity on December 31, 2018, was $990. (Round current ratio and inventory turnover to 2 decimal places, e.g. 15.25. Round other answers to 1 decimal place, e.g. 15.2 or 15.2%.) 2020 2019 (a) Current ratio 1.71 :1 1.57 :1 (b) Inventory turnover times times (c) Profit margin (d) Return on assets (e) Return on common stockholders' equity (f) Debt to assets ratio (9) Times interest earned times times