The condensed financial statements of Sunland Company for the years 2016 and 2017 are presented below. SUNLAND COMPANY Balance Sheets December 31 (in thousands) 2017 2016 Current assets Cash and cash equivalents $330 5360 Accounts receivable (net) 590 520 Inventory 520 450 Prepaid expenses 130 160 Total current assets 1,570 1,490 Property, plant, and equipment (net) 410 380 Investments 130 130 Intangibles and other assets 530 510 Total assets $2.640 $2,510 Current liabilities $940 5910 Long-term liabilities 540 440 Stockholders' equity-common 1,160 Total liabilities and stockholders' equity $2,640 $2,510 SUNLAND COMPANY Income Statements For the Year Ended December 31 (in thousands) 2017 2016 Sales revenue $3,860 $3,520 Costs and expenses Cost of goods sold 1,090 1,010 Selling & administrative expenses 2,400 2,330 Interest expense 10 20 Total costs and expenses 3,500 3,360 Income before income taxes 360 160 Income tax expense 144 64 Net income $ 216 $ 96 1,160 *| d| | Compute the following ratios for 2017 and 2016. (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, 2015, was $350.) (c) Profit margin. (d) Return on assets. (Assets on December 31, 2015, were $2,290.) (e) Return on common stockholders' equity. (Equity on December 31, 2015, was $950.) (1) Debt to assets ratio. (9) Times interest earned. 2017 2016 Current ratio. :1 :1 Inventory turnover. Profit margin. 96 96 Return on assets. 6 Return on common stockholders' equity. 96 90 Debt to assets ratio. 96 Times interest earned. times times