The condensed financial statements of John Cully Company, for the years ended June 30, 2015 and 2014, are presented below. JOHN CULLY COMPANY Balance Sheets June 30 (in thousands) 2015 2014 Assets Current assets Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses and other current assets Total current assets Investments Property, plant, and equipment (net) Intangibles and other assets Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity $ 553.3 776.6 768.3 204.4 2,302.6 12.3 694.2 876.7 $3,885.8 $ 611.6 664.9 653.5 269.2 2,199.2 12.6 647.0 849.3 $3,708.1 $1,497.7 679.5 1,708.6 $3,885.8 $1,322.0 637.1 1,749.0 $3,708.1 JOHN CULLY COMPANY Income Statements For the Year Ended June 30 (in thousands) 2015 2014 Sales revenue $6,336.3 $5,790.4 Costs and expenses Cost of goods sold 1,617.4 1,476.3 Selling and administrative expenses 4,007.6 3,679.0 Interest expense 13.9 27.1 Total costs and expenses 5,638.9 5,182.4 Income before income taxes 697.4 608.0 Income tax expense 291.3 232.6 Net income $ 406.1 $ 375.4 Compute the following ratios for 2015 and 2014. (a) Current ratio. (b) Inventory turnover. (Inventory on 6/30/13 was $599.0.) (c) Profit margin. (d) Return on assets. (Assets on 6/30/13 were $3,349.9.) (e) Return on common stockholders' equity. (Stockholders' equity on 6/30/13 was $1,795.9.) (f) Debt to assets ratio. (g) Times interest earned. express in ratio (e.g. 1.0:1.5) add the word "times" after your computed number (e.g. 1.5 times) express in percentage (add % sign after number no space, e.g., 5.6%) express in percentage (add % sign after number no space, e.g., 5.6%) express in percentage (add % sign after number no space, e.g., 5.6%) express in percentage (add % sign after number no space, e.g., 5.6%) add the word "times" after your computed number (e.g. 1.5 times) express in ratio (e.g. 1.0:1.5) add the word "times" after your computed number (e.g. 1.5 times) express in percentage (add % sign after number no space, e.g., 5.6%) express in percentage (add % sign after number no space, e.g., 5.6%) express in percentage (add % sign after number no space, e.g., 5.6%) express in percentage (add % sign after number no space, e.g., 5.6%) add the word "times" after your computed number (e.g. 1.5 times) Which year has better current ratio? Which year has better inventory turnover? Which year has better profit margin? Which year has better ROA? Which year has better ROE? express in percentage (add % sign after number no space, e.g., 5.6%) express in percentage (add % sign after number no space, e.g., 5.6%) add the word "times" after your computed number (e.g. 1.5 times) Which year has better current ratio? Which year has better inventory turnover? Which year has better profit margin? Which year has better ROA? Which year has better ROE? Which year has better Debt to Asset ratio in terms of solvency? Which year has better TIE? A to G pertain to year 2014 and H to N for year 2015. Answers should have 1 decimal point (e.g., 1.0, 2.5, 3.2, 10.4 etc.) For last 7 questions answer 2014 or 2015