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 Accounts receivable (net) Inventory Prepaid expenses $330 $360 650 580 620 550 130 160 1,730 1,650 410 380 190 190 530510 $2,860 $2,730 $1,000 $970 540 1,220 1,220 Total current assets Property, plant, and equipment (net) Investments Intangibles and other assets Total assets Current liabilities Long-term liabilities Stockholders' equity-common 640 Total liabilities and stockholders' equity $2,860 $2730 lus.com/edugen/shared/assignment/test/aglist.uni?id-asnmt2358197 N10036 CULLUMBER COMPANY Income Statements For the Year Ended December 31 (in thousands) 2017 2016 $3,960 $3,620 Sales revenue Costs and expenses Cost of goods sold Selling & administrative expenses Interest expense 1,150 1,070 2,400 2,330 1020 3,560 3,420 00 200 160 80 240 $ 120 Total costs and expenses income before income taxes Income tax expense Net income Compute the following ratios for 2017 and 2016. (Round current ratio and inventory turnover to 1.8 or 12.6%.) decimal places, eg 1.83 and all other answers to 1 decimal place 2 (a) Current ratio. to iventony tuirnmover,(Ihivertory on December 31, 2015, was $290,) )Proft margin (d) Returnm on assets. (Assets on December 31, 2015, were $2,700.) Return on cormmon stockholders equity. (Eouity on December 31., 2015, wai so30.) Debt to assets ratio ) Times Interest eamed 00 AM 2017 201 Current ratio. Inventory turnover. Profit margin. Return on assets. Return on common stockholders' equity. Debt to assets ratio. Times interest earned times times LINK TO TEXT