Compute the following ratios for 2022 and 2021. (Round current ratio and inventory turnover to 2 decimal places, e.g 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 12.6%.) (a) Current ratio. (b) Inventory turnover. (Inventory on December 31, 2020, was $440.) (c) Profit margin. (d) Return on assets. (Assets on December 31, 2020, were $2,480.) (e) Return on common stockholders' equity. (Equity on December 31, 2020, was $960.) (f) Debt to assets ratio. (g) Times interest earned. Current ratio. Inventory turnover. Profit margin. Return on assets. Return on common stockholders' equity. Debt to assets ratio. Times interest earned. 2022 :1 % % % % times 2021 :1 % % % do do do % times PHAROAH COMPANY Income Statements For the Year Ended December 31 (in thousands) 2022 2021 $3,890 $3,550 Sales revenue Costs and expenses Cost of goods sold 1,133 1,058 Selling & administrative expenses 2,400 2,330 Interest expense 10 20 Total costs and expenses 3,543 3,408 Income before income taxes 347 142 Income tax expense 139 57 Net income $ 208 $85 Balance Sheets December 31 (in thousands) 2022 2021 Current assets Cash and cash equivalents $363 $326 Accounts receivable (net) 640 570 Inventory 550 480 Prepaid expenses 130 160 Total current assets 1,683 1,536 Investments 180 180 Property, plant, and equipment (net) 377 380 Intangibles and other assets 530 544 Total assets $2,770 $2,640 Current liabilities $990 $960 Long-term liabilities 570 470 Stockholders' equity-common 1,210 1,210 Total liabilities and stockholders' equity $2,770 $2,640