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there is only 19 & 20 2020 2019 Current assets Cash and cash equivalents $320 $360 Accounts receivable (net) 460 410 Inventory 480 410 Prepaid

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there is only 19 & 20
2020 2019 Current assets Cash and cash equivalents $320 $360 Accounts receivable (net) 460 410 Inventory 480 410 Prepaid expenses 130 160 Total current assets 1,390 1,340 Property, plant, and equipment (net) 410 400 Investments 1 10 Intangibles and other assets 530 540 Total assets $2,341 $2,280 Current liabilities $820 $850 350 Long-term liabilities 441 Stockholders' equity-common 1,080 1,080 $2,280 $2,341 Total liabilities and stockholders' equity Ness Company Income Statements For the Years Ended December 31 (in thousands) 2020 2019 $3,4 $3,870 Sales revenue Costs and expenses 950 880 Cost of goods sold 2,440 2,360 Selling & administrative expenses 10 20 Interest expense 3,260 3.400 Total costs and expenses 230 Income before income taxes 470 92 188 Income tax expense s138 $282 Net income a W e to search US Weygandt, Accounting Principles, 13e Help | System Announcements TUruie cars LnucUvcceIe UAIVSOTU S 2020 2019 Sales revenue $3,870 $3,490 Costs and expenses Cost of goods sold 950 880 Selling & administrative expenses 2,440 2,360 ly Interest expense 10 20 Total costs and expenses 3,400 3,260 Income before income taxes 470 230 Income tax expense 188 92 Net income $282 $138 Compute the following ratios for 2020 and 2019, Inventory on December 31, 2018, was $330. Assets or turnover to 2 decimal places, e.g. 15.25. Round other answers to 1 decimal place, e.g. 15.2 o 2020 2019 (a) Current ratio 1.57:1 1.69 :1 (b) Inventory turnover times times (c) Profit margin % (d) Return on assets (e) Return on common stockholders' equity 9% (f) Debt to assets ratio 06 (g) Times interest earned times times Click if you would like to Show Work for this question: Qpen Show Work a ere to search

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