The following financial information is for Cullumber Company.

Cullumber Company Balance Sheets December 31
Assets		2020		2019
Cash		$ 70,000		$ 64,000
Debt investments (short-term)		53,000		39,000
Accounts receivable		108,000		90,000
Inventory		229,000		162,000
Prepaid expenses		30,000		25,000
Land		130,000		130,000
Building and equipment (net)		264,000		185,000
Total assets		$884,000		$695,000
Liabilities and Stockholders Equity
Notes payable		$172,000		$102,000
Accounts payable		65,000		51,000
Accrued liabilities		41,000		41,000
Bonds payable, due 2023		250,000		172,000
Common stock, $10 par		202,000		202,000
Retained earnings		154,000		127,000
Total liabilities and stockholders equity		$884,000		$695,000

Cullumber Company Income Statements For the Years Ended December 31
		2020		2019
Sales revenue		$890,000		$786,000
Cost of goods sold		641,000		575,000
Gross profit		249,000		211,000
Operating expenses		194,000		159,000
Net income		$ 55,000		$ 52,000

Additional information:

1.		Inventory at the beginning of 2019 was $116,000.
2.		Accounts receivable (net) at the beginning of 2019 were $90,000.
3.		Total assets at the beginning of 2019 were $642,000.
4.		No common stock transactions occurred during 2019 or 2020.
5.		All sales were on account.

(a1) Compute the liquidity and profitability ratios of Cullumber Company for 2019 and 2020. (Round all answers to 2 decimal places, e.g. 1.83 or 1.83%. If % change is a decrease show the numbers as negative, e.g. -1.83% or (1.83%).)

		2019			2020			% Change
LIQUIDITY
Current ratio			:1			:1			%
Accounts receivables turnover			times			times			%
Inventory turnover			times			times			%

		2019			2020			% Change
PROFITABILITY
Profit margin			%			%			%
Asset turnover			times			times			%
Return on assets			%			%			%
Earnings per share		$			$				%

(b) The following are three independent situations and a ratio that may be affected. For each situation, compute the affected ratio (1) as of December 31, 2020, and (2) as of December 31, 2021, after giving effect to the situation. (Round all answers to 2 decimal places, e.g. 1.83 or 1.83%. If % change is a decrease show the numbers as negative, e.g. -1.83% or (1.83%).)

Situation				Ratio
1.		18,000 shares of common stock were sold at par on July 1, 2021. Net income for 2021 was $53,000.		Return on common stockholders equity
2.		All of the notes payable were paid in 2021. All other liabilities remained at their December 31, 2020, levels. At December 31, 2021, total assets were $904,000.		Debt to assets ratio
3.		The market price of common stock was $9.00 and $13.00 on December 31, 2020 and 2021, respectively. Net income for 2021 was $53,000.		Price-earnings ratio

		2020			2021			% Change
Return on common stockholders equity			%			%			%
Debt to assets ratio			%			%			%
Price earnings ratio			times			times			%