The condensed financial statements of Cullumber Company for the years 2016 and 2017 are presented below CULLUMBER COMPANY Balance Sheets December 31 (in thousands) 2017 2016 Current assets Cash and cash equivalents $330 $360 Accounts receivable (net) 560 490 Inventory 510 440 Prepaid expenses 130 160 Total current assets 1530 Property plant, and equipment (net) 410 380 Investments 100 100 Intangibles and other assets 530 510 Total assets $2.570 $2.440 Current abilities $910 5880 Long-term liabilities 530 430 Stockholders' equity-common 1130 1130 Total abilities and stockholders' equity 52570 $2.440 CULLUMBER COMPANY Income Statements For the Year Ended December 31 (in thousands) 2017 2016 Sales revenue $3.850 $3530 Costs and expenses Cost of goods sold 100 980 Selling & administrative expenses 2,400 2.330 Interest expense 10 20 Total costs and expemes 3470 1330 Income before income taxes 300 180 Income tax expense 152 72 $228 $108 Net income Compute the followingratios 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, eg 18 or 12.6%) Current ratio (b) Inventory turnover (Inventory on December 31, 2015, was $420) (c) Profit margin 400 Return on assets (Assets on December 31, 2015, were $1,900) (e) Return on common stockholders' equity (Equity on December 31, 2015, was $970 00 Debit to assets ratio G Times interest earned Current va Inventory turnover Profit margin Return on assets Return on common stockholders equity Debt to assets ratio Times interest earned 2017 2016 times times