Ness Company Balance Sheets December 31 (in thousands) 2020 2019 Current assets Cash and cash equivalents $330 $360 Accounts receivable (net) 470 400 Inventory 460 390 Prepaid expenses 130 160 Total current assets 1,390 1,310 Property, plant, and equipment (net) 410 380 Investments 10 10 Intangibles and other assets 530 510 Total assets $2,340 $2,210 Current liabilities $820 $790 Long-term liabilities 480 380 Stockholders' equity-common 1,040 1,040 Total liabilities and stockholders' equity $2,340 $2,210 NADAL Ness Company Income Statements For the Years Ended December 31 (in thousands) 2020 2019 $3,800 $3,460 970 890 2.400 2,330 Sales revenue Costs and expenses Cost of goods sold Selling & administrative expenses Interest expense Total costs and expenses Income before income taxes Income tax expense Net income 10 20 3,380 3,240 420 220 168 88 $252 $132 Compute the following ratios for 2020 and 2019. Inventory on December 31, 2018, was $340. Assets on December 31, 2018, were $1.900. Equity on December 31, 2018, was $900. (Round current ratio and inventory turnover to 2 decimal places, s. 15.25 Round other answers to 1 decimal place, e.g. 15.2 or 15.2%) 2020 2019 (a) Current ratio :1 :1 (b) Inventory turnover times times (c) Profit margin % % % (d) % Return on assets (e) 96 Return on common stockholders' equity % 96 96 (0) Debt to assets ratio times Times Interest earned (8) times e Textbook and Media 2020 2019 (a) Current ratio :1 :1 (b) Inventory turnover times times (c) Profit margin % % % (d) % Return on assets (e) 96 Return on common stockholders' equity % 96 96 (0) Debt to assets ratio times Times Interest earned (8) times e Textbook and Media