Your answer is partially correct. Try again. The condensed financial statements of Cullumber Company for the years 2018 and 2019 are presented below. CULLUMBER COMPANY Balance Sheets December 31 (in thousands) 2019 2018 Current assets Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Total current assets Property, plant, and equipment (net) Investments Intangibles and other assets $330 560 510 130 1,530 410 100 530 $2,570 $360 490 440 160 1,450 380 100 510 $2,440 $910 Total assets Current liabilities Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity 530 1,130 $880 430 1,130 $2,570 $2,440 2018 $3,510 CULLUMBER COMPANY Income Statements For the Year Ended December 31 (in thousands) 2019 Sales revenue $3,850 Costs and expenses Cost of goods sold 1,060 Selling & administrative expenses 2,400 Interest expense Total costs and expenses 3,470 Income before income taxes 380 Income tax expense 152 Net income $ 228 980 2,330 20 3,330 180 72 $ 108 Compute the following ratios for 2019 and 2018. (Round current ratio and inventory turnov 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, 2015, was $420.) (c) Profit margin. (d) Return on assets. (Assets on December 31, 2015, were $1,980.) (e) Return on common stockholders' equity. (Equity on December 31, 2015, was $970.) (f) Debt to assets ratio. (9) Times interest earned. 2019 2018 1.64:1 (a) Current ratio. 1.68:1 (b) Inventory turnover. (c) Profit margin. 9 % (d) Return on assets. (e) Return on common stockholders' equity. 2 10.3 (f) Debt to assets ratio. 561 % 53.7% (9) Times interest earned. times times