The condensed financial statements of Pharoah Company for the years 2019 $360 570 480 160 PHAROAH COMPANY Balance Sheets December 31 (in thousands) 2020 Current assets Cash and cash equivalents $330 Accounts receivable (net) 640 Inventory 550 Prepaid expenses 130 Total current assets 1,650 Property, plant, and equipment (net) 410 Investments 180 Intangibles and other assets 530 Total assets $2,770 Current liabilities $990 Long-term liabilities 570 Stockholders' equity-common 1,210 Total liabilities and stockholders'equity $2.770 1,570 380 180 510 $2,640 $960 470 1,210 $2,640 PHAROAH COMPANY Income Statements For the Year Ended December 31 (in thousands) 2020 2019 Sales revenue $3,890 $3,550 Costs and expenses Cost of goods sold 1,140 1,060 Selling & administrative expenses 2,400 2,330 Interest expense Total costs and expenses 3,410 Income before income taxes 140 Income tax expense 136 Net income $ 204 $84 10 20 3,550 340 56 Compute the following ratios for 2020 and 2019. (Round current ratio and inventory turnover to 2 decimal places, eg 1.83 and all other answers to 1 decimal place, eg. 1.8 or 12.6%.) (a) (b) (c) (d) (e) (f) Current ratio. Inventory turnover. (Inventory on December 31, 2018, was $440.) Profit margin Return on assets. (Assets on December 31, 2018, were $2.480.) Return on common stockholders' equity. (Equity on December 31, 2018, was $960.) Debt to assets ratio. Times interest earned. ng 2020 2019 (a) Current ratio. 1.66 :1 1.63 :1 (b) Inventory turnover. % % % % (c) Profit margin (d) Return on assets. (e) Return on common stockholders' equity. (f) Debt to assets ratio. % % % % (g) Times interest earned. times times