Condensed statement of financial position and income statement data for Pronghorn Ltd. are shown below. You are required to calculate certain financial ratios. Round your final results to one decimal place. Assets PRONGHORN LTD. Statement of Financial Position December 31 (in thousands) 2018 2017 2016 Current assets Cash $ 30 $ 80 $ 200 Accounts receivable 900 700 500 Inventory 1,200 800 500 Total current assets 2.130 1580 1,200 Property, plant, and equipment (net) 4.100 3.800 3.200 Total assets $6,230 $5.380 $4.400 Liabilities and Shareholders' Equity Liabilities Current liabilities $ 600 $ 550 $ 500 Non-current liabilities 3.070 2.320 1.500 Total liabilities 3.070 2.870 2.000 Shareholders' equity Common shares 1,000 1,000 1,000 Retained earnings 1560 1510 1400 Total shareholders' equity 2.560 2.510 2.100 Total liabilities and shareholders' equity $6.230 $5.380 $1.100 PRONGHORN LTD. Sales (all on credit) Cost of goods sold PRONGHORN LTD. Income Statement Year Ended December 31 (in thousands) Gross profit Operating expenses Income from operations Interest expense Income before income tax Income tax expense Net income The gross profit margin for 2016 is 50% 44% 22% 33.3% None of the above 2018 2017 2016 $4.500 $4.000 $3.600 2.500 2.100 1,800 2,000 1,900 1,800 1,450 1475 550 425 190 360 130 295 90 75 $ 270 220 1,490 310 240 60 180