Prior Companys condensed financial statements provide the following information.

PRIOR COMPANY BALANCE SHEET Dec. 31, 2020 Dec. 31, 2019

Cash $ 52,000 $ 60,000

Accounts receivable (net) 198,000 80,000

Short-term investments 80,000 40,000

Inventory 440,000 360,000

Prepaid expenses 3,000 7,000

Total current assets $ 773,000 $ 547,000

Property, plant, and equipment (net) 857,000 853,000

Total assets $1,630,000 $1,400,000

Current liabilities 240,000 160,000

Bonds payable 400,000 400,000

Common stockholders equity 990,000 840,000

Total liabilities and stockholders equity $1,630,000 $1,400,000

INCOME STATEMENT FOR THE YEAR ENDED 2020

Sales $1,640,000

Cost of goods sold (800,000 )

Gross profit 840,000

Selling and administrative expenses (440,000 )

Interest expense (40,000 )

Net income $ 360,000

(a) Determine the following for 2020. (Round answers to 2 decimal places, e.g. 1.59 or 45.87%.)

(1) Current ratio at December 31 ____________times

(2) Acid-test ratio at December 31__________ times

(3) Accounts receivable turnover __________times

(4) Inventory turnover _____________times

(5) Return on assets _____________%

(6) Profit margin on sales__________ %