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 $390 Accounts receivable (net) 440 430 Inventory 440 400 Prepaid expenses 150 180 Total current assets 1,360 1,400 Property, plant, and equipment (net) 430 400 Investments Intangibles and other assets 530 560 Total assets $2,321 $2,370 Current liabilities $820 $780 Long-term liabilities 511 600 Stockholders' equity-common 990 990 Total liabilities and stockholders' equity $2,321 $2,370 1 10 Ness Company Income Statements For the Years Ended December 31 (in thousands) 2020 2019 Sales revenue $3,880 $3,400 Costs and expenses Cost of goods sold 970 880 Selling & administrative expenses 2,370 2,350 Interest expense Total costs and expenses 3,350 Income before income taxes Income tax expense 212 Net income $318 $90 20 Compute the following ratios for 2020 and 2019. Inventory on December 31, 2018, was $360. Assets on December 31, 2018, were $1,880. Equity on December 31, 2018, was $920. (Round current 2 Dand at how to $3,880 $3,400 880 2,350 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 970 2,370 10 3,350 530 3,250 212 $318 Compute the following ratios for 2020 and 2019. Inventory on December 31, 2018, was $360. Assets on December 31, 2018, were $1,880. Equity on December 31, 2018, was $920. (Round current ratio and inventory turnover to 2 decimal places, e.o. 15.25. Round other answers to 1 decimal place, e.g. 15.2 or 15.2 %.) 2020 2019 (a) Current ratio (b) Inventory turnover times time (c) Profit margin (d) Return on assets (e) Return on common stockholders' equity (1) Debt to assets ratio (a) Times interest earned times times