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Current Attempt in Progress The condensed fitancial statements of Sandhill Co. for the years 2021 and 2022 are presented as follow5. (Amounts in thousands.) SANDHILLCO.

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Current Attempt in Progress The condensed fitancial statements of Sandhill Co. for the years 2021 and 2022 are presented as follow5. (Amounts in thousands.) SANDHILLCO. Balance Sheets December 31 Current assets Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Total current assets Investments Property, plant, and equipment (net) 420380 Intangibles and other assets Total assets Current liabilities $1,110$1,000 Long-term liabilities SANDHILL CO. Income Statements For the Years Ended December 31 \begin{tabular}{lrr} & 2022 & 2021 \\ \hline Net sales & $3,910 & $3,570 \end{tabular} Expenses Costofgoodssold1,1651,100 Selling \& administrative expenses 2,4002,330 Interest expense 2520 \begin{tabular}{lrr} Total expenses & 3,590 & 3,450 \\ \hline \end{tabular} Income before income taxes 320120 Compute the following ratios for 2022 and 2021. (Round current ratio and inventory turnover to 2 decimol ploces, e.s. 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 12.6%.) (a) Currentratio. (b) Inventory tumover. (inventory on 12/31/20 was $440 ) (ci) Profitmargin. (d) Return on assets. (Assets on 12/31/20 were $2,670 ) (e) Return on common stockholders 'equity. (Stockholders' equity-common on 12/31/20 was \$990.) (f) Debt to assets ratio. (g) Timesinterest earned. 2021 (a) Currentratio (b) Inventory turnover times (c) Profit margin % % (d) Return on assets % % (e) Return on common stockholders' equity % (f) Debt to assets ratio (g) Times interest earned times times eTextbook and Media Sove for Later Attempts: 1 of 3 used

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