The condensed financial statements of Blondell Company for the years 2011 and 2012 are presented below.

Compute the following ratios for 2012 and 2011.(a) Current ratio.(b) Inventory turnover. (Inventory on December 31, 2010, was $340.)(c) Profit margin ratio.(d) Return on assets. (Assets on December 31, 2010, were $1,900.)(e) Return on common stockholders?? equity. (Equity on December 31, 2010, was $900.)(f ) Debt to total assets ratio.(g) Times interest earned.

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BLONDELL COMPANY Balance Sheets December 31 (in thousands) 2012 2011 Current assets $ 330 $ 360 Cash and cash equivalents Accounts receivable (net) 470 400 460 Inventories 390 160 Prepaid expenses 130 Total current assets 1,390 1,310 Property, plant, and equipment (net) 410 380 Investments 10 10 Intangibles and other assets 530 510 Total assets $2,210 $2,340 $ 820 $ 790 380 Current liabilities Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity 480 1,040 1,040 $2,340 $2,210 BLONDELL COMPANY Income Statements For the Year Ended December 31 (in thousands) 2012 2011 $3,800 $3,460 Revenues Costs and expenses Cost of goods sold Selling & administrative expenses 970 890 2,400 2,330 Interest expense 10 20 Total costs and expenses 3,380 3,240 Income before income taxes 420 220 Income tax expense 168 88 $ 252 $ 132 Net income