Question #4 The condensed financial statements of Vancouver Island Limited for the years 2021 and 2022 are as follows. Vancouver Island Limited Balance Sheets December 31. (in thousands) 2022 2021 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 Investments 10 10 Property, plant, and equipment (net) 410 380 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 Vancouver Island Limited Income Statements For the Year Ended December 31 (in thousands) 2022 2021 Sales revenue $3,8001 $3,460 Costs and expenses Cost of goods sold 970 890 Selling & administrative 2,400|| 2,330 expenses Interest expense 10 20 Total costs and expenses 3,380|| 3,240 Income before income taxes 420 220 Income tax expense 168 88 Net Income $ 252|| $ 132 Required: Compute the following ratios for 2022 and 2021. 1. Current ratio. 2. Inventory turnover. (Inventory on December 31, 2020, was $340.) 3. Profit margin %. 4. Return on assets. (Assets on December 31, 2020, were $1,900.) 5. Return on common stockholders' equity. (Equity on December 31, 2020, was $900.) 6. Debt to assets ratio