View Policies Current Attempt in Progress The condensed financial statements of Ness Company for the years 2019 and 2020 are presented below. Ness Company Balance Sheets December 31 (in thousands) 2020 2019 Current assets Cash and cash equivalents $330 $380 Accounts receivable (net) 490 380 Inventory 500 420 Prepaid expenses 130 160 Total current assets 1,450 1,340 Property, plant, and equipment (net) 450 370 Investments 1 10 Intangibles and other assets 550 480 Total assets $2.451 $2,200 Current liabilities $860 $800 Long-term liabilities 571 380 Stockholders' equity-common 1,020 1,020 Total liabilities and stockholders' equity $2,451 $2,200 Ness Company Income Statements For the Years Ended December 31 (in thousands) 2020 2019 Sales revenue $3,830 $3.440 Costs and expenses Cost of goods sold 920 910 Selling & administrative expenses 2300 2310 Interest expense Total costs and expenses Income before income taxes Income tax expense Net Income Compute the following rates for 2020 and 2019. Inventory on December 31, 2018, was $320. Assets on December 31, 2015 were 51.900 Equity on December 31, 2018 w Round current and inventory turnoverte 2 decimal places 15.25. Round other answers to 1 decimal place 15.2 or 15.2%) 2020 2019 (a) Current ratio (6) Inventory turnover Profit margin (d) Return on assets le) Return on common stockholders equity in Debt to assets ratio e Times interest earned eTextbook and Media Save for Later Attempts: 0 of used Submit