JOHN CULLY COMPANY Balance Sheets June 30 (in thousands) Assets Current assets 2017 2016 Cash and cash equivalents Accounts receivable (net) $ 553.3 776.6 $ 611.6 664.9 Inventory 768.3 653.5 Prepaid expenses and other current assets 204.4 269.2 Total current assets 2,302.6 2,199.2 Investments 12.3 12.6 Property, plant, and equipment (net) 694.2 647.0 Intangibles and other assets 876.7 849.3 Total assets $3,885.8 $3,708.1 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities $1,497.7 679.5 $1,322.0 637.1 Stockholders' equity-common 1,708.6 1,749.0 Total liabilities and stockholders' equity $3,885.8 $3,708.1 JOHN CULLY COMPANY Income Statements For the Year Ended June 30 (in thousands) 2017 Sales revenue $6,336.3 2016 $5,790.4 Costs and expenses Cost of goods sold 1,617.4 1,476.3 Selling and administrative expenses 4,007.6 3,679.0 Interest expense 13.9 27.1 Total costs and expenses 5,638.9 5,182.4 Income before income taxes 697.4 608.0 Income tax expense Net income 291.3 232.6 $ 406.1 $ 375.4 Ompute the following ratios for 2017 and 2016. (a) Current ratio. (b) Cash Conversion Cycle (Payables for 2016 and 2017 were $130 and 147 respectively) (c) Profit margin. (d) Return on assets. (Assets on 6/30/15 were $3,349.9.) (e) Return on common stockholders' equity. (Stockholders' equity on 6/30/15 was $1,795.9.) (f) Debt/Equity ratio. (g) Times interest earned. Give and overall assessment of this company