The condensed financial statements of Pharoah Company for the years 2019 and 2020 are presented below. 2019 $360 500 570 160 PHAROAH COMPANY Balance Sheets December 31 (in thousands) 2020 Current assets Cash and cash equivalents $330 Accounts receivable (net) 570 Inventory 640 Prepaid expenses 130 Total current assets 1,670 Property, plant, and equipment (net) 410 Investments 110 Intangibles and other assets 530 Total assets $2,720 Current liabilities $920 Long-term liabilities 660 Stockholders' equity-common 1,140 Total liabilities and stockholders' equity $2,720 1,590 380 110 510 $2.590 $890 560 1,140 $2,590 PHAROAH COMPANY Income Statements For the Year Ended December 31 (in thousands) 2020 2019 Sales revenue $3,980 $3,640 Costs and expenses Cost of goods sold 1,070 990 Selling & administrative expenses 2,400 2,330 Interest expense 10 20 Total costs and expenses 3,480 3,340 Income before income taxes 500 300 Income tax expense 200 120 Net income $ 300 $ 180 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, e.g. 1.8 or 12.6%.) Compute the following ratios for 2020 and 2019. (Round current ratio and inventory turnover to 2 decimal places, ey 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 $410.) Profit margin. Return on assets. (Assets on December 31, 2018, were $2,540.) Return on common stockholders' equity. (Equity on December 31, 2018, was $950.) Debt to assets ratio. Times interest earned. 2020 (a) Current ratio. :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