Culver Inc. manufactures a variety of consumer products. The companys founders have run the company for 30 years and are now interested in retiring. Consequently, they are seeking a purchaser who will continue its operations, and a group of investors, Morgan Inc., is looking into the acquisition of Culver. To evaluate its financial stability and operating efficiency, Culver was requested to provide the latest financial statements and selected financial ratios. Summary information provided by Culver is as follows.

Culver Inc. Income Statement For the Year Ended November 30, 2021 (in thousands)
Sales (net)		$	30,510
Interest income			510
Total revenue			31,020
Costs and expenses
Cost of goods sold			17,610
Selling and administrative expenses			3,560
Depreciation and amortization expense			1,900
Interest expense			910
Total costs and expenses			23,980
Income before taxes			7,040
Income taxes			2,816
Net income		$	4,224

Culver Inc. Balance Sheet As of November 30 (in thousands)
			2021			2020
Cash		$	410		$	510
Short-term investments (at cost)			310			210
Accounts receivable (net)			3,210			2,910
Inventory			6,010			5,410
Total current assets			9,940			9,040
Property, plant, & equipment (net)			7,110			7,010
Total assets		$	17,050		$	16,050
Accounts payable		$	3,710		$	3,410
Income taxes payable			910			810
Accrued expenses			1,710			1,410
Total current liabilities			6,330			5,630
Long-term debt			2,010			1,810
Total liabilities			8,340			7,440
Common stock ($1 par value)			2,710			2,710
Paid-in capital in excess of par			1,010			1,010
Retained earnings			4,990			4,890
Total stockholders equity			8,710			8,610
Total liabilities and stockholders equity		$	17,050		$	16,050

Selected Financial Ratios
		Culver Inc.						Current Industry Average
		2020			2019
Current ratio		1.61			1.62			1.64
Acid-test ratio		0.64			0.6			0.74
Times interest earned		8.56			8.51			8.46
Profit margin on sales		13.21	%		12.11	%		13.01	%
Asset turnover		1.85			1.84			1.85
Inventory turnover		3.18			3.22			3.19

(a) Calculate a new set of ratios for the fiscal year 2021 for Culver based on the financial statements presented. (Round answers to 2 decimal places, e.g. 52.75 or 52.75%.)

Current ratio			: 1
Acid-test ratio			: 1
Times interest earned
Profit margin on sales			%
Asset turnover			times
Inventory turnover			times