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Pleas help with accounting! I cant figure this out. The condensed financial statements of Ness Company for the years 2019 and 2020 are presented below.

Pleas help with accounting! I cant figure this out.image text in transcribedimage text in transcribedimage text in transcribed

The condensed financial statements of Ness Company for the years 2019 and 2020 are presented below. Ness Company Balance Sheets December 31 (in thousands) 2020 2019 $310 470 510 Current assets Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Total current assets Property, plant, and equipment (net) Investments Intangibles and other assets Total assets Current liabilities Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity 110 1,400 430 1 540 $2,371 $870 511 990 $2,371 $360 370 390 170 1,290 370 10 500 $2,170 $720 460 990 $2,170 Ness Company Income Statements For the Years Ended December 31 (in thousands) 2020 2019 Sales revenue $3,770 $3,470 Costs and expenses Cost of goods sold 1,000 880 Selling & administrative expenses 2,420 2,360 Interest expense 10 20 Total costs and expenses 3,4303,260 Income before income taxes 340 210 Income tax expense 136 84 Net income $204 $126 Compute the following ratios for 2020 and 2019. Inventory on December 31, 2018, was $320. Assets on December 31, 2018, were $1,880. 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 (a) Current ratio :1 (b) Inventory turnover times times (c) Profit margin (d) Return on assets (e) Return on common stockholders' equity (f) Debt to assets ratio (9) Times interest earned times times

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