SUNLAND COMPANY Balance Sheets December 31 20222021 Current assets Cash and cash equivalents Accounts receivable (net) Inventory $330500520$360430450 Prepaid expenses Total current assets \begin{tabular}{rr} 120 & 160 \\ \hline 1,470 & 1,400 \end{tabular} Investments Property, plant, and equipment (net) Intangibles and other assets Total assets Current liabilities Long-term liabilities 470440 Stockholders' equity-common Total liabilities and stockholders' equity $2.460$2.330 SUNLAND COMPANY Income Statements For the Year Ended December 31 Costs and expenses \begin{tabular}{lrr} Cost of goods sold & 985 & 920 \\ Selling \& administrative expenses & 2,400 & 2,330 \\ Interest expense & 25 & 20 \\ Total costs and expenses & 3,410 & 3,270 \\ \hline Income before income taxes & 450 & 250 \\ Income tax expense & 135 & 75 \\ Net income & $315 & $175 \\ \hline \end{tabular} Compute the following ratios for 2022 and 2021. (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 12/31/20, was $350.) (c) Profitmargin. (d) Return on assets. (Assets on 12/31/20, were $2,910.) (e) Return on common stockholders' equity. (Stockholders' equity on 12/31/20, was $990.) (f) Debt to assets ratio. (g) Times interest earned. Current ratio. ;1 1 Imventory turnover. Profit margin. % % Returnon assets. % % Return on common stockholders' equity. % % Debt to assets ratio. % 8 Timesinterest earned. times times