Exercise 18-13 The condensed financial statements of Ness Company for the years 2019 and 2020 are presented below. Ness Company Balance Sheets December 31 (in thousands) 2020 2019 $350 450 440 130 1,370 420 Current assets Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Total current assets Property, plant, and equipment (net) Investments Intangibles and other assets Total assets Current liabilities Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity $360 390 420 160 1,330 420 10 500 $2,260 1 $850 510 $2,301 $850 451 1,000 $2,301 410 1,000 $2,260 890 Ness Company Income Statements For the Years Ended December 31 (in thousands) 2020 2019 Sales revenue $3,800 $3,520 Costs and expenses Cost of goods sold 970 Selling & administrative expenses 2,390 2,300 Interest expense 10 20 Total costs and expenses 3,370 3,210 Income before income taxes 430 Income tax expense 172 124 Net income $258 $186 310 Compute the following ratios for 2020 and 2019. Inventory on December 31, 2018, was $380. Assets on December 31, 2018, were $1,880. Equity on December 31, 2018, was $930. 2 decimal places, e.g. 15.25. Round other answers to 1 decimal place, e.g. 15.2 or 15.2%) 2020 2019 (a) Current ratio (b) Inventory turnover times 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