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The condensed financial statements of Sandhill Co. for the years 2021 and 2022 are presented as follows. (Amounts in thousands.) SANDHILL CO. Income Statements For

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The condensed financial statements of Sandhill Co. for the years 2021 and 2022 are presented as follows. (Amounts in thousands.) SANDHILL CO. Income Statements For the Year Ended December 31 \begin{tabular}{llll} & 2022 & 2021 \\ Sales revenue & $4,000 & $3,660 \\ \hline \end{tabular} Costs and expenses Cost of goods sold Selling \& administrative expenses 2,4002,330 Interest expense Total costs and expenses 3,4103,270 Income before income taxes 590390 Income tax expense 177117 Net income Compute the following ratios for 2022 and 2021. (Round current ratio and inventory turnover to 2 decimal places, eg. 1.83 and all other answers to 1 decimal place, e. 1.8 or 12.6% ) (a) Current ratio. (b) Inventory turnover. (Inventory on 12/31/20, was $440. (c) Profit margin. (d) Return on assets. (Assets on 12/31/20, were $2,670.) (c) Return on common stockholders' equity. (Stockholders' equity on 12/31/20, was $990.) (f) Debt to assets ratio. (g) Times interest earned. Current ratio. 2022 2021 Inventory turnover. Profit margin. % % Return on assets: % % Return on common stockholders' equity. % % Debt to assets ratio. % % Times interest earned. times times

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