Exercise 13-13 The condensed financial statements of Cullumber Company for the years 2016 and 2017 are presented below. CULLUMBER COMPANY Balance Sheets December 31 (in thousands) 2017 2016 Current assets Cash and cash equivalents $330 $360 650 Accounts receivable (net) 580 580 510 Inventory 130 160 Prepaid expenses 1,690 1,610 Total current assets 410 380 Property, plant, and equipment (net) 190 190 Investments 530 510 Intangibles and other assets $2,820 $2,690 Total assets $1,000 $970 Current liabilities 600 500 Long-term liabilities 1,220 1,220 Stockholders' equity-common $2,690 $2,820 Total liabilities and stockholders' equity CULLUMBER COMPANY Income Statements For the Year Ended December 31 (in thousands) 2017 2016. C NY Tncome statemeute For the Year Ended December 31 (in thousands) 2017 2016 $3,920 $3,580 Sales revenue Costs and expenses 1,070 Cost of goods sold 1,150 Selling administrative expenses 2,400 2,330 10 20 Interest expense 3,560 3,420 Total costs and expenses 360 160 Income before income taxes 144 64 Income tax expense 216 96 Net income Compute the following ratios for 2017 and 2016. (Round current ratio and inventory turnover to 12.6%.) decimal places, e.g 1.83 and all other answers to 1 decimal place, e.g. 1.8 or (a) Current ratio. nover. (Inventory on December 31, 2015, was $350.) (c) Profit margin. (d) Return on assets. (Assets on December 31, 2015, were $2,700.) (e) Return on common stockholders' equity. (Equity on December 31, 2015, was $980.) Deb to dssets Taio, d 2017 2016 :1 :1 Current ratio. Inventory turnover. Profit margin. Return on assets. % Return on common stockholders' equity. % Debt to assets ratio. times times Times interest earned. Open Show Work Click if you would like to Show Work for this