The condensed financial statements of Cullumber Company for the years 2019 and 2020 are presented below. 2019 CULLUMBER COMPANY Balance Sheets December 31 (in thousands) 2020 Current assets Cash and cash equivalents $330 Accounts receivable (net) 650 Inventory 580 400 Prepaid expenses 130 Total current assets 1.690 Property.plant and equipment (net) 410 Investments 190 Intangibles and other assets 530 Total assets $2,820 Current liabilities $1.000 Long-term liabilities 600 Stockholders' equity-common 1.220 Total liabilities and stockholders' equity $2,820 $360 580 510 160 1.610 380 190 510 $2,690 $970 500 1.220 $2,690 CULLUMBER COMPANY Income Statements For the Year Ended December 31 (in thousands) 2020 2019 Sales revenue $3.920 $3.580 Costs and expenses Cost of goods sold 1.150 1,070 Selling & administrative expenses 2.400 2.330 Interest expense 10 20 Total costs and expenses 3.560 3.420 Income before income taxes 360 160 Income tax expense 144 64 Net income $ 216 $ 96 Compute the following ratios for 2020 and 2019. (Round current ratio and inventory turnover to 2 decimal places, eg 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 12.6%.) (a) (b) (c) (d) Current ratio. Inventory turnover. (Inventory on December 31, 2018, was $350.) Profit margin Return on assets. (Assets on December 31, 2018, were $2,700.) Return on common stockholders' equity. (Equity on December 31, 2018, was $980.) Debt to assets ratio. Times interest earned. (f) 2020 2019 (a) Current ratio. :1 (b) Inventory turnover. (c) Profit margin % 96 (d) Return on assets. 96 96 (e) Return on common stockholders' equity. 96 (1) Debt to assets ratio. %6 %6 (g) Times interest earned. times times