Exercise 9-13 The condensed financial statements of Wildhorse Co. for the years 2016 2016 650 $360 580 430 160 WILDHORSE CO. Balance Sheets December 31 (in thousands 2017 Current assets Cash and cash equivalents $330 Accounts receivable (net) Inventory 500 Prepaid expenses 130 Total current assets 1,610 Property, plant, and equipment (net) 410 Investments 190 Intangibles and other assets 530 Total assets $2,740 Current liabilities $1,000 Long-term liabilities Stockholders' equity-common 1,220 Total liabilities and stockholders' equity $2,740 1,530 380 190 510 $2,610 520 $970 420 1,220 $2,610 WILDHORSE CO. Income Statements For the Year Ended December 31 (in thousands) 2017 2016 Sales revenue $3,840 $3,500 Costs and expenses Cost of goods sold 1,150 1,070 Selling & administrative expenses 2,400 2.330 Interest expense Total costs and expenses 3,560 3,420 Income before income taxes 280 Income tax expense 10 Net Income $168 y turnover to 2 decimal places, eg 1.83 and all other answers to I decimal Compute the following ratios for 2017 and 2016. (Round current ratio and inver place, e.g. 1.8 or 12.690.) (a) Current ratio. (b) Inventory turnover. (Inventory on December 31, 2015, was $370.) (c) Profit margin (d) Return on assets. (Assets on December 31, 2015, were $2,480.) (c) Return on common stockholders' equity. (Equity on December 31, 2015, was $970 (1) Debt to assets ratio. (9) Times interest earned. 2017 2016 Current ratio. Inventory turnover. Profit margin. Return on assets. Return on common stockholders' equity. Debt to assets ratio. Times interest earned. times times