CARLA VISTA CO. Balance Sheets December 31 (in thousands) 2017 2016 Current assets Cash and cash equivalents $330 $360 Accounts receivable (net) 590 520 Inventory 640 570 Prepaid expenses 130 160 Total current assets 1,690 1,610 Property, plant, and equipment (net) 410 380 Investments 130 130 Intangibles and other assets 530 510 Total assets $2,760 $2,630 Current liabilities $940 $910 Long-term liabilities 660 560 Stockholders' equity-common 1,160 1,160 Total liabilities and stockholders' equity $2,760 $2.630 Type here to search IT B P CARLA VISTA CO. Income Statements For the Year Ended December 31 (in thousands) 2017 2016 Sales revenue $3,980 $3,640 Costs and expenses Cost of goods sold 1,090 1,010 Selling & administrative expenses 2,400 2,330 Interest expense 10 20 Total costs and expenses 3,500 3,360 Income before income taxes 480 280 Income tax expense 192 112 Net income $ 288 $ 168 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 1 decimal place, eg. 1.8 or 12.6%.) (a) Current ratio. Type here to search O a P Compute the following ratios for 2017 and 2016. (Round current ratio and inventory turnover to 2 decimal places, eg 1.83 and all om answers to 1 decimal place, eg. 1.8 or 12.6%) (a) Current ratio. Inventory turnover. (Inventory on December 31, 2015, was $360.) (b) (c) Profit margin. (d) Return on assets. (Assets on December 31, 2015, were $2,450.) (e) Return on common stockholders' equity. (Equity on December 31, 2015, was $970.) (f) Debt to assets ratio. (g) Times interest earned. Current ratio. Inventory turnover. Profit margin. 2017 2016 :1 :1 P % G % 80 Current ratio. Inventory turnover. Profit margin. Return on assets. Return on common stockholders' equity. Debt to assets ratio. Times interest earned. eTextbook and Media Save for Later Type here to search 2017 20 2016 :1 :1 % % % % do do do de times B % % % % de de de de times Assistance Used Attempts: 0 of 15 used Submit