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 620 Prepaid expenses 130 Total current assets 1,730 Property, plant, and equipment (net) 410 Investments 190 Intangibles and other assets 530 Total assets $2,860 Current liabilities $1,000 Long-term liabilities 640 Stockholders' equity--common 1.220 Total liabilities and stockholders' equity $2,860 $360 580 550 160 1,650 380 190 510 $2,730 $970 540 1,220 $2.730 CULLUMBER COMPANY Income Statements For the Year Ended December 31 (in thousands) 2020 2019 Sales revenue $3,960 $3,620 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 400 200 Income tax expense 160 80 Net income $ 240 $ 120 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, eg. 1.8 or 12.6%) Current ratio. (b) Inventory turnover. (Inventory on December 31, 2018, was 5380.) (c) Profit margin (d) Return on assets. (Assets on December 31, 2018 were $2.700.) Return on common stockholders equity. (Equity on December 31, 2018, was 5930.) Debt to assets ratio. Times interest earned 2020 2019 (a) Current ratio. 1.73 :1 1.70 :1 (b) Inventory turnover. (c) Profit margin 56 %% (d) Return on assets % (e) Return on common stockholders' equity. 19.7 % 1 %6 % 96 (h) Debt to assets ratio. Times interest earned. times times