The condensed financial statements of Blossom Company for the years 2016 and 2017 are presented below. BLOSSOM COMPANY Balance Sheets December 21 in thousands) 2017 2016 Current assets Cash and cash equivalents $930 $360 Accounts receivable (net) 490 410 Inventory 470 400 Prepaid expenses 130 160 Total current assets 1.410 1.330 Property, plant, and equipment (net 410 220 Investments 20 20 Intangibles and other assets 530 510 Total assets $2,370 $2.240 Current liabilities $930 8900 Long-term liabilities 490 390 Stockholders' equity-common 1,050 1.050 Total abilities and stockholders' equity $2.370 $2.240 BLOSSOM COMPANY Income Statements For the Year Ended December 31 (in thousands) 2017 2016 Sales revenue $3.910 $3,470 Costs and expenses Cost of goods sold 980 900 Selling & administrative expenses 2,400 2,330 Interest pense 10 Total costs and expenses 2.390 3.250 Income before income taxes 420 220 Income tax expense 168 Net income S 252 $ 122 20 Compute the following raties for 2017 and 2016. (Round current ratio and inventory turnover to 2 decimal places, eg 1.83 and all other answers to 1 decimal place, ep 1.8 or 12.6%) Current radio Inventory turnover. [Inventory on December 31, 2015, was $250.) Profit margin (0) Return on assets. Assets on December 31, 2015, were $1.910.) Return on common stockholders' equity. (Ecuity on December 31, 2015, was S910. 10 Debt to assets ratio Times interest earned TOU 2017 2016 Current ratio. :1 Inventory turnover Profit margin 56 56 Return on assets. Return on common stockholders' equity 56 Debt to assets ratio 56 Timas interest earned. times times