The condensed financial statements of Wildhorse Co. for the years 2016 and 2017 are presented below. WILDHORSE Co. Balance Sheets December 31 (in thousands) 2017 2016 Current assets Cash and cash equivalents $330 $360 Accounts receivable (net) 550 480 Inventory 660 590 Prepaid expenses 130 160 Total current assets 1,670 1,590 Property, plant, and equipment (net) 410 380 Investments 90 90 Intangibles and other assets 530 510 Total assets $2,700 $2,570 Current liabilities $900 $870 Long-term liabilities 580 680 Stockholders' equity-common 1,120 1,120 Total liabilities and stockholders' equity $2,700 $2,570 WILDHORSE CO Income Statements For the Year Ended December 31 (in thousands) 2017 2016 $4,000 $3,660 Sales revenue Costs and expenses 1,050 970 Cost of goods sold 2,330 2,400 Selling & administrative expenses 10 20 Interest expense 3,460 3,320 Total costs and expenses 340 Income before income taxes 540 136 216 Income tax expense $324 $204 Net income (a) Current ratio. (b) Inventory turnover. (Inventory on December 31, 2015, was $350.) (c) Profit margin. (d) Return on assets. (Assets on December 31, 2015, were $2,780.) (e) Return on common stockholders' equity. (Equity on December 31, 2015, was $980.) (f) Debt to assets ratio. (g) Times interest earned. 2017 2016 :1 :1 Current ratio. Inventory turnover. Profit margin. Return on assets. Return on common stockholders' equity. Debt to assets ratio. times times Times interest earned