Marigold Inc. manufactures a variety of consumer products. The companys founders have run the company for 30 years and are now interested in retiring. Consequently, they are seeking a purchaser who will continue its operations, and a group of investors, Morgan Inc., is looking into the acquisition of Marigold. To evaluate its financial stability and operating efficiency, Marigold was requested to provide the latest financial statements and selected financial ratios. Summary information provided by Marigold is as follows.

Marigold Inc. Income Statement For the Year Ended November 30, 2021 (in thousands) Sales (net) $ 30,640 Interest income 640 Total revenue 31,280 Costs and expenses Cost of goods sold Selling and administrative expenses Depreciation and amortization expense Interest expense Total costs and expenses 17,740 3,690 2,030 1,040 24,500 6,780 2,712 $ 4,068 Income before taxes Income taxes Net income Marigold Inc. Balance Sheet As of November 30 (in thousands) 2021 2020 Cash 540 $ 640 440 340 Short-term investments (at cost) Accounts receivable (net) Inventory Total current assets Property, plant, & equipment (net) 3,040 5,540 9,560 7,140 $ 16,700 Total assets $ 3,540 940 Accounts payable Income taxes payable Accrued expenses Total current liabilities Long-term debt Total liabilities Common stock ($1 par value) Paid-in capital in excess of par Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 3,340 6,140 10,460 7,240 $ 17,700 $ 3,840 1,040 1,840 6,720 2,140 8,860 2,840 1,140 4,860 8,840 $ 17,700 1,540 6,020 1,940 7,960 2,840 1,140 4,760 8,740 $ 16,700 Selected Financial Ratios Marigold Inc. 2020 2019 1.59 1.60 Current Industry Average 1.77 0.87 8.59 Current ratio Acid-test ratio Times interest earned Profit margin on sales Asset turnover Inventory turnover 0.67 8.69 13.34 % 1.98 0.64 8.64 12.24 % 13.14 % 1.98 1.97 3.35 3.31 3.32 (a) Calculate a new set of ratios for the fiscal year 2021 for Marigold based on the financial statements presented. answers to 2 decimal places, e.g. 52.75 or 52.75%.) Current ratio : 1 Acid-test ratio : 1 Times interest earned Profit margin on sales % Asset turnover times Inventory turnover times