The condensed financial statements of Pharoah Company for the years 2021 and 2022 are presented below. PHAROAH COMPANY Balance Sheets December 31 (in thousands) 2022 2021 Current assets Cash and cash equivalents $330 $360 Accounts receivable (net) 640 570 Inventory 550 480 Prepaid expenses 130 160 Total current assets 1,650 1,570 Property, plant, and equipment (net) 410 380 Investments 180 180 Intangibles and other assets 530 510 Total assets $2,770 $2,640 Current liabilities $990 $960 Long-term liabilities 570 470 Stockholders' equity-common 1,210 1,210 Total liabilities and stockholders' equity $2,770 $2,640 PHAROAH COMPANY Income Statements For the Year Ended December 31 (in thousands) 2022 2021 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 10 20 Total costs and expenses 3,550 3,410 Income before income taxes 340 140 Income tax expense 136 56 Net income $ 204 $ 84 Compute the following ratios for 2022 and 2021. (Round current ratio and inventory turnover to 2 decimal places, e.g 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 12.6%.) (a) Current ratio. (b) Inventory turnover. (Inventory on December 31, 2020, was $440.) (c) Profit margin. (d ) Return on assets. (Assets on December 31, 2020, were $2,480.) (e) Return on common stockholders' equity. (Equity on December 31, 2020, was $960.) (f) Debt to assets ratio. (g) Times interest earned. 2022 2021 Current ratio. :1 :1 Inventory turnover. Profit margin. % % Return on assets. % % Return on common stockholders' equity. % % Debt to assets ratio. % % Times interest earned. times times