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The condensed financial statements of Ness Company for the years 2019 and 2020 are presented below. Ness Company Balance Sherts December 31 (n th d) 2020 2019 Current assets Cash and cash equivalents $320 $360 Accounts receivable (net) 460 410 410 Inventory 480 130 160 Prepaid expenses 1340 Total current assets 1,390 Property, plant, and equipment (net) 410 400 Investments 10 540 530 Intangibles and other assets $2,341 2,280 Total assets Current abilities $820 850 Long-term liabilties 350 441 Stockholders' equity-common 1,080 1,080 $2,341 $2,280 Total iabilities and stockholders' equity Nes Conpasy laceme Stata Fer the Years Ended December 31 (n theennds) 2020 2019 $3,870 $3,490 Sales revenue Costs and expenses Cost of goods sold 950 880 Selling & administrative expenses 2,440 2,360 10 20 Interest expense Total costs and expenses 3,400 3,260 Income before income taxes 470 230 92 Income tax expense $282 13 Net income Compute the following ratios for 2020 and 2019. Inventory on December 31, 2018, was $330. Assets on December 31, 2018, were $1,890. Equity on December 31, 2018, was $950. (Round current ratio and inventory turnover to 2 decimal places, e.g. 15.25. Round other answers to 1 decimal place, e.g. 15.2 or 15.2%.) 2020 2019 1.57 1 (a) Current ratio 1.19 bmes (b) Inventory turnover (c) Profit margin 7.3 4.0 (d) Return on assets (e) Return on common stockhalders' equity 1.5 (f) Debt to assets ratio 5.3 % () Times interest earned 48 times 12.5 times Click if you would like to Show Work for this question: 9em Show Work