The condensed financial statements of Pharoah Company for the years 2021 and 2022 are presented below. Question 3 of 3 /33 Compute the following ratios for 2022 and 2021. Inventory on December 31, 2020, was $370. Assets on December 31, 2020, were $1,880. Stockholders' Equity - Common on December 31, 2020, was $980. (Round current ratio and inventory turnover to 2 decimal places, e.g. 15.25. Round other answers to 1 decimal place, e.g. 15.2 or 15.2%.) Compute the following ratios for 2022 and 2021. Inventory on December 31, 2020, was $370. Assets on December 31, 2020, were $1,880. Stockholders' Equity - Common on December 31, 2020, was $980. (Round current ratio and inventory turnover to 2 decimal places, e.g. 15.25. Round other answers to 1 decimal place, e.g. 15.2 or 15.2%.) eTextbook and Media Attempts: 0 of 3 used 
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