ORIOLE COMPANY Income Statements For the Year Ended December 31 (in thousands) 2020 2019 $3,860 $3,520 Sales revenue Costs and expenses Cost of goods sold 1,110 1,030 Selling & administrative expenses 2,400 2,330 Interest expense 10 20 Total costs and expenses 3,520 3,380 Income before income taxes 340 140 Income tax expense 136 56 $204 $84 Net income December 31 (in thousands) 2020 2019 Current assets Cash and cash equivalents $330 $360 Accounts receivable (net) 610 540 Inventory 520 450 Prepaid expenses 130 160 Total current assets 1,590 1,510 Property, plant, and equipment (net) 410 380 Investments 150 150 Intangibles and other assets 530 510 Total assets $2,680 $2,550 Current liabilities $960 $930 Long-term liabilities 540 440 Stockholders' equity-common 1,180 1,180 Total liabilities and stockholders' equity $2,680 $2,550 ORIOLE COMPANY Income Statements For the Year Ended December 31 (in thousands) 2020 2019 $3,860 $3,520 Sales revenue Costs and expenses Cost of goods sold 1,110 1,030 Selling & administrative expenses 2,400 2,330 Interest expense 10 20 Total costs and expenses 3,520 3,380 Income before income taxes 340 140 Income tax expense 136 56 $204 $84 Net income Compute the following ratios for 2020 and 2019. (Round current ratio and inventory turnover to 2 decimal places, eg 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 12.6%) (a) Current ratio. (b) Inventory turnover. (Inventory on December 31, 2018, was $380.) (c) Profit margin. (d) Return on assets. (Assets on December 31, 2018, were $2,290.) (e) Return on common stockholders' equity. (Equity on December 31, 2018, was $930.). (f) Debt to assets ratio. (g) Times interest earned. (a) Current ratio. (b) Inventory turnover. (c) Profit margin. (d) Return on assets. (e) Return on common stockholders' equity. (f) Debt to assets ratio. (g) Times interest earned. 2020 2019 % % de % % % de times % de times