The condensed financial statements of Ivanhoe Company for the years 2016 and 2017 are presented as follows. (Amounts in thousands) IVANHOE COMPANY Balance Sheets December 31 2017 2016 $330 $360 550 480 530 460 120 160 1530 1.460 90 90 Current assets Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Total current assets Investments Property, plant, and equipment (net) Intangibles and other assets Total assets Current liabilities Long-term liabilities Stockholders equity-common Total liabilities and stockholders' equity 420 380 530 510 $2570 $2.440 $980 5870 480 450 1.110 1 120 $2.570 $2,440 IVANHOE COMPANY Income Statements For the Year Ended December 31 2017 2016 Sales revenue $3870 $3.530 Costs and expenses Cost of goods sold 1035 970 IVANHOE COMPANY Income Statements For the Year Ended December 31 2017 2016 $3,870 $3,530 1,035 970 2.400 2,330 Sales revenue Costs and expenses Cost of goods sold Selling & administrative expenses Interest expense Total costs and expenses Income before income taxes Income tax expense Net Income 25 20 3,460 3,320 410 210 123 63 $ 287 $147 Compute the following ratios for 2017 and 2016. (Round current ratio and inventory turnover to 2 decimal places es. 183 and all other answers to 1 decimal place. 4.8. 1.80 126K) (b) (d Current ratio Inventory turnover (Inventory on 12/31/15, was $400.) Profit margin Return on assets. (Assets on 12/31/15, were $1,980) Return on common stockholdersequity. (Stockholders equity on 12/31/15, was $970.) Id le) Debt to assets ratio Times interest earned (C) Profit margin Return on assets. (Assets on 12/31/15, were $1,980.) Return on common stockholders' equity. (Stockholders equity on 12/31/15, was $970) Debt to assets ratio Times interest earned 10 () 2017 2016 156 17 Current ratio :1 1 21 226 Inventory turnover 74 9 42 Profit margin 6.7 Return on assets 115 G 257 141 2 Return on common stockholders' equity, % Debt to assets ratio 174 times 115 Times Interest earned times