EAN Company's condensed financial statements provide the following information (amounts in thousands).

Income Statement
For the Year Ended 2019
Sales revenue........................................¥1,640,000
Cost of goods sold....................................(800,000)
Gross profit..............................................840,000
Selling and administrative expenses................(480,000)
Interest expense........................................ (40,000)
Net income............................................¥ 320,000
Instructions
a. Determine the following for 2019.
1. Current ratio at December 31.
2. Acid-test ratio at December 31.
3. Accounts receivable turnover.
4. Inventory turnover.
5. Return on assets.
6. Profit margin on sales.
b. Prepare a brief evaluation of the financial condition of EAN Ltd. and of the adequacy of its profits.

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EAN Ltd. Statement of Financial Position December 31, 2019 December 31, 2018 ¥ 897,000 ¥ 853,000 Property, plant, and equipment Current assets ¥440,000 ¥360,000 Inventory 7,000 Prepaid expenses 3,000 Accounts receivable 158,000 80,000 80,000 Short-term investments 40,000 52,000 Cash 733,000 60,000 547,000 Total assets ¥1,630,000 ¥1,400,000 ¥ 990,000 ¥ 840,000 Equity Bonds payable 400,000 400,000 Current liabilities 240,000 160,000 ¥1,630,000 ¥1,400,000