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SANDHILL CO. Balance Sheets December 31 (in thousands) 20172016 Current assets Cash and cash equivalents Accounts receivable (net) Inventory $330580$360510 Prepaid expenses Total current assets
SANDHILL CO. Balance Sheets December 31 (in thousands) 20172016 Current assets Cash and cash equivalents Accounts receivable (net) Inventory $330580$360510 Prepaid expenses Total current assets Property, plant, and equipment (net) Investments Intangibles and other assets Total assets Current liabilities Long-term liabilities Compute the following ratios for 2017 and 2016. (Round current ratio and inventory turnover to 2 decimal places, e.g 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 12.6%.) Compute the following ratios for 2017 and 2016. (Round current ratio and inventory turnover to 2 decimal places, e.g 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, 2015, was $450.) (c) Profit margin. (d) Return on assets. (Assets on December 31,2015 , were $2,360.) (e) Return on common stockholders' equity. (Equity on December 31, 2015, was $920.) (f) Debt to assets ratio. (g) Times interest earned
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