Sunland Company Income Statements For the Years Ended December 31 (in thousands) \begin{tabular}{lrr} & 2022 & 2021 \\ \cline { 2 - 2 } Netsales & $3,850 & $3,470 \\ \hline \end{tabular} Expenses \begin{tabular}{lrrr} Cost of goods sold & 1,010 & 860 \\ Selling and administrative expenses & 2,390 & 2,330 \\ Interest expense & 10 & 20 \\ \cline { 2 - 2 } Total expenses & 3,410 & 3,210 \\ \hline Income before income taxes & 440 & & 260 \\ Income tax expense & 176 & 104 \\ \hline Net income & $264 & & $156 \\ \hline \end{tabular} Compute the following ratios for 2022 and 2021 . Inventory on Dexember 31,2020 . was $310. Assets on December 31,2020 , were $1,920. Stockholders' equity-common on December 31,2020, was $890. (Round current rotio and inventory tumever to 2 decimal ploces. es. 15.25. Round other answers to 1 decimal place, es. 15.2 or 15.2% )