Current Attempt in Progress The condensed financial statements of Carla Vista Co. for the years 2019 and 2020 are presented below. 2019 CARLA VISTA CO. Balance Sheets December 31 (in thousands) 2020 Current assets Cash and cash equivalents $330 Accounts receivable (net) 630 Inventory 480 Prepaid expenses 130 Total current assets 1.570 Property, plant, and equipment (net) 410 Investments Intangibles and other assets 530 Total assets $2,600 Current liabilities $980 Long term abilities 500 Stockholders' equity-Connon 1.200 Total abilities and stockholders equity $2.680 170 $360 560 410 160 1.490 380 170 510 $2.550 $950 400 1.200 $2.550 CARLA VISTA CO. Income Statements For the Year Ended December 31 (in thousands) 2020 2019 Sales reverse $3,820 $3.480 Couts and expenses Cost of goods sold 1,130 1,050 Selling & administrative expenses 2.400 2,330 Interest expense 10 20 Total costs and expenses 3,540 3,400 Income before income 280 80 Income face pense 112 32 Net income $168 $ 48 Compute the following ratios for 2020 and 2019. (Round current ratio and Inventory turnover to 2 decimal place 1.83 and other answers to 1 decimal place 18 or 12.6 Compute the following ratios for 2020 and 2019. (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 (b) Inventory turnover. (Inventory on December 31, 2018, was $420.) (c) Profit margin. (d) Return on assets. (Assets on December 31, 2018, were $2,020.) (e) Return on common stockholders' equity. (Equity on December 31, 2018, was $970.) in Debt to assets ratio. Times interest earned 2020 2019 (a) Current ratio. :1 (b) Inventory turnover (c) Profit margin. (d) Return on assets. (e) Return on common stockholders' equity. (h) Debt to assets ratio. 96 9 % % (e) Times interest earned. times times e Textbook and Media Attempts: unlimited