The textbook and formula sheet do not clearly explain where these values are coming from. Please help me with this. Thank you.

Current Attempt in Progress The condensed financial statements of Ivanhoe Company for the years 2021 and 2022 are as follows. IVANHOE COMPANY Balance Sheets December 31 (in thousands) 2021 Current assets $306 Cash and cash equivalents Accounts receivable (net) 630 Inventory 600 Prepaid expenses 130 Total current assets 1,666 Investments 170 Property, plant, and equipment (net) 434 Intangibles and other assets 530 Total assets $2,800 Current liabilities $980 Long-term liabilities 620 Stockholders' equity-common 1,200 Total liabilities and stockholders' equity $2,800 IVANHOE COMPANY Income Statements For the Year Ended December 31 (in thousands) 2022 $365 560 530 160 1,615 170 380 505 $2,670 $950 520 1,200 $2,670 IVANHOE COMPANY Income Statements For the Year Ended December 31 (in thousands) 2022 2021 Sales revenue $3,940 $3,600 Costs and expenses Cost of goods sold 1,130 1,080 Selling & administrative expenses 2,400 2,330 Interest expense 10 3,540 20 3,430 Total costs and expenses Income before income taxes 400 170 Income tax expense 160 68 Net income $240 $102 Compute the following ratios for 2022 and 2021. (Round current ratio and inventory turnover to 2 decimal places, e.g 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 12.6%.) (a) Current ratio. (b) Inventory turnover. (Inventory on December 31, 2020, was $370.) (c) Profit margin. (d) Return on assets. (Assets on December 31, 2020, were $1,980.) (e) Return on common stockholders' equity. (Equity on December 31, 2020, was $970.) (f) Debt to assets ratio. Times interest earned. (a) Current ratio. (b) Inventory turnover. (Inventory on December 31, 2020, was $370.) (c) Profit margin. (d) Return on assets. (Assets on December 31, 2020, were $1,980.) (e) Return on common stockholders' equity. (Equity on December 31, 2020, was $970.) (f) Debt to assets ratio. Times interest earned. 2022 Current ratio. Inventory turnover. Profit margin. Return on assets. Return on common stockholders' equity. Debt to assets ratio. Times interest earned. 1.69 2.32 .13 :1 % % % % times 2021 1.70 1.51 .13 :1 % % % % times