Jo I Review 13-03 The condensed financial statements of Cullumber Company for the years 2019 and 2020 are presented as follows. (Amounts in thousands.) CULLUMBER COMPANY Balance Sheets December 31 2020 2019 $330 600 500 120 $360 530 430 160 Current assets Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Total current assets Investments Property, plant, and equipment Intangibles and other assets Total assets Current liabilities Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity 1,550 140 420 530 1,480 140 380 510 $2,510 $920 $2.640 $1,000 450 1,160 $2.640 420 1,170 $2,510 2010 $3,500 CULLUMBER COMPANY Income Statements For the Years Ended December 31 2020 Sales revenue $3,840 Costs and expenses Cost of goods sold 1.085 Selling administrative expenses 2,400 Interest expense 25 Total costs and expenses 3,510 Income before income taxes 330 Income tax expense 99 Net Income $231 1,020 2,330 20 3.370 130 30 $91 Catholimon Compute the following ratios for 2020 and 2019. (Round current rate and Inventory turnover lo 2 decimal place, a.d. LJUDJWW. (a) Current ratio. b) Inventory turnover. Inventory on 12/31/18, was $360) Profit margin. (d) Return on asset. (Assets on 12/31/18, were 52.630.) (c) Return on common stockholders equity (Stockholders' equity on 12/31/18, was $990.) Debt to ratio (o) Times interest carned. amo 2019 (a) Current ratio 31 11 (6) Lewestory turnover Profit margin (d) Return on was (e) turn on common Mockholders equity Ut) Det toetstato (a) Tume interest med times times Click if you would like to show Work for this question Show Wor HY