The condensed financial statements of Sunland Company for the years 2021 and 2022 are presented as follows. (Amounts in thousands.) SUNLAND COMPANY Balance Sheets December 31 2022 2021 $330 $360 Current assets Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses 500 430 520 450 120 160 Total current assets 1,470 1.400 Investments 40 40 420 380 530 510 $2,460 $2.330 Property, plant, and equipment (net) Intangibles and other assets Total assets Current liabilities Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity $930 $820 470 440 1,060 1,070 $2,460 $2.330 2021 $3,520 920 SUNLAND COMPANY Income Statements For the Year Ended December 31 2022 Sales revenue $3.860 Costs and expenses Cost of goods sold 985 Selling & administrative expenses Interest expense Total costs and expenses 3,410 Income before income taxes Income tax expense Net income $ 315 2,400 2.330 25 20 3,270 450 250 135 75 $ 175 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) (b) (c) Current ratio. Inventory turnover. (Inventory on 12/31/20, was $350.) Profit margin Return on assets. (Assets on 12/31/20, were $2,910.) Return on common stockholders' equity. (Stockholders' equity on 12/31/20, was $990.) (d) (e) (f) Debt to assets ratio. 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