2021 CULLUMBER COMPANY Balance Sheets December 31 (in thousands) 2022 Current assets Cash and cash equivalents $347 $ Accounts receivable net) 560 $362 490 Inventory 510 440 Prepaid expenses 130 160 Total current assets 1.547 1,452 100 100 Investments Property, plant, and equipment (net) Intangibles and other assets 393 380 530 509 Total assets $2.570 $2.440 Current liabilities $880 $910 530 430 Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity ' 1.130 1,130 $2.570 $2.440 CULLUMBER COMPANY Income Statements For the Year Ended December 31 (in thousands) 2022 2021 Sales revenue $3,850 $3,510 1,045 989 Costs and expenses Cost of goods sold Selling & administrative expenses Interest expense 2,400 2,330 20 10 Total costs and expenses 3,455 3,339 Income before income taxes 395 171 Income tax expense 158 68 Net Income $ 237 $ 103 Compute the following ratios for 2022 and 2021. (Round current ratio and Inventory turnover to 2 decimal places, eg 183 and all other answers to 1 decimal place, eg. 1.8 or 126%) la) Current ratio [b) Inventory turnover. (Inventory on December 31, 2020, was $420.) c) Id) Profit margin Return on assets. Assets on December 31, 2020, were $1,980.) Return on common stockholders' equity. (Equity on December 31, 2020, was $970.) Debt to assets ratio. el f) 18) Times interest earned, 2022 2021 Current ratio. :1 :1 Inventory turnover Profit margin % Return on assets. % Return on common stockholders' equity %6 % Debt to assets ratio. % % Times interest earned. times times