Company Comparatlve Balance Sheets For the year ended December 31 Current assets Cash Accounts receivable Inventory 19 000 53,T00 11.400 271,100 62.000 rent Total curent assets -tem assets 211,400 4.800 184,200 137,900 336 900 Investment in bonds Land 216,300 114,500 ment (net Total longterm assets Total assels urrent liabilities Accounts payable Interest payable 4,900 15,400 8,500 2,600 Incorne tax payable Total current fiabities abilities. Bonds payable 400 tockholders 183.500 193,000 165,200 Common stock etained earni PNG Company Income Statement For the year ended December 31, 20X1 Revenues Sales revenue Cost of goods sold 330,000 1240,000 140,000 Gross profit 899,600 23,400 19,000 61,000 1,003,000 Operating expenses ation ex nterest expense Income tax expen Total Net Additional Information for PNG Co. in 20X1: 1. All sales were on account. 2. Earnings per share were $2.00 3. The closing stock price on 12/31/X1 was $15.40. 4. PNG had 68,500 of its only class of (common) stock outstanding on 12/31/X1 1. What was PNG Company's current ratio for the year 20X1? 2.47 7.74 2. What was PNG Company's debt to equity ratio for the year 20X1? 0.68 1.39 0 3. What was PNG Company's inventory tumover for the year 20X1? 3.05 times 27.62 times 34.35 times 5.30 times 4. What was PNG Company's return on eguity for the year 20X1? 274.82% 36. 39% 42.44% 74.66% 5. What was PNG Company's profit margin for the year 20X1? 12.02% 2.80% 36 .39% 5.76%