8 of 10 > The condensed financial statements of Pharoah Company for the years 2021 and 2022 are presented below. PHAROAH COMPANY Balance Sheets December 31 (in thousands) 2022 2021 Current assets Cash and cash equivalents $330 $360 Accounts receivable (net) 570 500 Inventory 640 570 Prepaid expenses 130 160 Total current assets 1.670 1.590 Property, plant, and equipment (net) 410 380 Investments 110 110 Intangibles and other assets 530 510 Total assets $2.720 $2.590 Current liabilities $920 $890 Long-term liabilities 660 560 Stockholders' equity-common 1.140 1,140 Total liabilities and stockholders' equity $2,720 $2,590 PHAROAH COMPANY Income Statements For the Year Ended December 31 (in thousands) 2022 2021 $3.640 1.71/2 == Ques Accour Quest Account Questi Accountin Question Accounting Question Accounting D Question Accounting Dr Question 7 Accounting Dea Viewing Qu Acounting Drop Question 9 Accounting Gropd Question 10 Acting Grope PHAROAH COMPANY Income Statements For the Year Ended December 31 (in thousands) Question Accounting C 2022 2021 $3.980 $3.640 Sales revenue Costs and expenses Cost of goods sold 1,070 990 Selling & administrative expenses 2,400 2.330 Interest expense 10 20 Total costs and expenses 3,480 3,340 Income before income taxes 500 300 Income tax expense 200 120 Net income $300 $180 Compute the following ratios for 2022 and 2021. (Round current ratio and inventory turnover to 2 decimal places, eg 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 12.6% 3899 Current ratio Inventory turnover. (Inventory on December 31, 2020, was $410) Profit margin. (d) Return on assets (Assets on December 31, 2020, were $2.540) (e) Return on common stockholders' equity. Equity on December 31, 2020, was $950) 80 Debt to assets ratio (x) Times interest earned Question Accounting De Question 3 Accounting Dra Question 4 Accounting Drop Question 5 Accounting Drop- Question 6 Accounting Crop Question 7 Accounting Dropdo Viewing Ques Accounong Broode Question 9 Accounting Dropdow Question 10 Acting Dropdow Machank Al Return on assets. 11.0 % 71 Return on common stockholders' equity. 263 96 15.8 Debt to assets ratio. %