BlossomCompany Balance Sheets December 31 (in thousands) 2022 2021 Current assets Cash and cash equivalents $350 $350 Accounts receivable (net) 450 370 Inventory 470 420 Prepaid expenses 120 170 Total current assets 1,390 1,310 Investments 1 10 Property, plant, and equipment (net) 370 340 Other assets 490 470 Total assets $2,251 $2,130 Current liabilities $830 $730 Long-term liabilities 391 370 Stockholders' equity-common 1,030 1,030 Total liabilities and stockholders' equity $2,251 $2,130 BlossomCompany Income Statements For the Years Ended December 31 (in thousands) Net sales 2022 2021 $3,880 $3,530 Expenses Cost of goods sold 950 910 Selling and administrative expenses 2,420 2,340 Interest expense 10 20 Total expenses 3,380 3,270 Income before income taxes 500 260 Income tax expense 200 104 Net income $300 $156 Compute the following ratios for 2022 and 2021. Inventory on December 31, 2020, was $330. Assets on December 31, 2020, were $1,910. Stockholders' Equity-Common on December 31, 2020, was $900. (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%)