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The condensed financial statements of Ness Company for the years 2019 and 2020 are presented below. Ness Company Balance Sheets December 31 (in thousands) 2020

The condensed financial statements of Ness Company for the years 2019 and 2020 are presented below.

Ness Company Balance Sheets December 31 (in thousands)
2020 2019
Current assets
Cash and cash equivalents $330 $380
Accounts receivable (net) 490 380
Inventory 500 420
Prepaid expenses 130 160
Total current assets 1,450 1,340
Property, plant, and equipment (net) 450 370
Investments 1 10
Intangibles and other assets 550 480
Total assets $2,451 $2,200
Current liabilities $860 $800
Long-term liabilities 571 380
Stockholders equitycommon 1,020 1,020
Total liabilities and stockholders equity $2,451 $2,200

Ness Company Income Statements For the Years Ended December 31 (in thousands)
2020 2019
Sales revenue $3,830 $3,440
Costs and expenses
Cost of goods sold 920 910
Selling & administrative expenses 2,360 2,310
Interest expense 10 20
Total costs and expenses 3,290 3,240
Income before income taxes 540 200
Income tax expense 216 80
Net income $324 $120

Compute the following ratios for 2020 and 2019. Inventory on December 31, 2018, was $320. Assets on December 31, 2018, were $1,900. Equity on December 31, 2018, was $870. (Round current ratio and inventory turnover to 2 decimal places, e.g. 15.25. Round other answers to 1 decimal place, e.g. 15.2 or 15.2%.)

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