Return to ADCKDO US Kimmel, Survey of Accounting, le Help System Announcements ES Exercise 9-13 The condensed financial statements of Wildhorse Co. for the years 2016 and 2017 are presented below. 2016 $360 580 430 160 WILDHORSE CO. Balance Sheets December 31 (in thousands) 2017 Current assets Cash and cash equivalents $330 Accounts receivable (net) 650 Inventory 500 Prepaid expenses 130 Total current assets 1,610 Property, plant, and equipment (net) 410 Investments 190 Intangibles and other assets 530 Total assets $2,740 Current abilities $1,000 Long-term liabilities 520 Stockholders' equity-common 1,220 Total liabilities and stockholders' equity $2,740 1,530 380 190 510 $2,610 $970 420 1.220 $2,610 WILDHORSE CO. Income Statements For the Year Ended December 31 (in thousands) 2017 2016 Sales revenue $3,840 $3,500 Costs and expenses Cost of goods sold 1,150 1,070 Selling & administrative expenses 2.400 2,330 10 20 Interest expense Total costs and expenses 3,560 3,420 MacBook Air 80 FU F $ % & Return to Blackboard IS Neonsky Serna y no cementing 10 Help System Announcements 2,400 10 2,330 20 Selling & administrative expenses Interest expense Total costs and expenses Income before income taxes Income tax expense Net Income 3,560 280 3,420 80 32 112 $ 168 $ 48 Compute the following ratios for 2017 and 2016. (Round current ratio and Inventory turnover to 2 decimal places, e.g1.. 12.6%) (a) Current ratio. (b) Inventory turnover. (Inventory on December 31, 2015, was $370.) (c) Profit margin. (d) Return on assets. (Assets on December 31, 2015, were $2,480.) (e) - Return on common stockholders' equity. (Equity on December 31, 2015, was $970.) (Debt to assets ratio. (9) Times interest earned. 2017 2016 Current ratio Inventory turnover. Profit margin Return on assets. Return on common stockholders' equity. 9 Debt to assets ratio. Times interest earned. times times Click if you would like to Show Work for this question: Open Show Work MacBook ALL ODD F4