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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 $360 $320
Accounts receivable (net) 510 380
Inventory 430 420
Prepaid expenses 120 140
Total current assets 1,420 1,260
Property, plant, and equipment (net) 430 360
Investments 1 10
Intangibles and other assets 480 550
Total assets $2,331 $2,180
Current liabilities $870 $860
Long-term liabilities 411 270
Stockholders equitycommon 1,050 1,050
Total liabilities and stockholders equity $2,331 $2,180

Ness Company Income Statements For the Years Ended December 31 (in thousands)
2020 2019
Sales revenue $3,840 $3,480
Costs and expenses
Cost of goods sold 950 850
Selling & administrative expenses 2,360 2,280
Interest expense 10 20
Total costs and expenses 3,320 3,150
Income before income taxes 520 330
Income tax expense 208 132
Net income $312 $198

Compute the following ratios for 2020 and 2019. Inventory on December 31, 2018, was $310. 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%.)

2020 2019
(a) Current ratio

:1

:1
(b) Inventory turnover

times

times
(c) Profit margin

%

%
(d) Return on assets

%

%
(e) Return on common stockholders equity

%

%
(f) Debt to assets ratio

%

%
(g) Times interest earned

times

times

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