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The condensed financial statements of Sunland Company for the years 2021 and 2022 are as fol SUNLAND COMPANY Balance Sheets December 31 (in thousands) 2022 2021 Current assets Cash and cash equivalents $264 $323 Accounts receivable (net) 570 500 600 530 Inventory Prepaid expenses Total current assets 130 160 1.564 1.513 Investments 110 110 476 380 Property, plant, and equipment (net) Intangibles and other assets 530 547 Total assets $2,680 $2,550 $920 $890 620 520 Current liabilities Long-term liabilities Stockholders' equity--common Total liabilities and stockholders' equity 1.140 1.140 $2.680 $2,550 SUNLAND COMPANY Income Statements For the Year Ended December 31 (in thousands) $2,680 $2,550 Total liabilities and stockholders' equity SUNLAND 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 1,130 980 Selling & administrative expenses 2.400 2,330 Interest expense 10 20 Total costs and expenses 3,540 3,330 Income before income taxes 400 270 Income tax expense 160 108 Net income $ 240 $ 162 Compute the following ratios for 2022 and 2021. (Round current ratio and 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 $450.) (c) Profit margin. (d) Return on assets. (Assets on December 31, 2020. were $2,350.) Return on common stockholders' equity. (Equity on December 31, 2 If maht to rotati Compute the following ratios for 2022 and 2021. Round current rate and inventory turnover to 2 decimal places, 183 and all other answers to decimal places 1.8 12.6%) b) d) Current ratio Inventory turnover inventory on December 31, 2020 w $4503 Promar maturants et on December 31, 2020 were 32.3901 Returno.common toodet uity on December 31, 2020, wa 3730) Debt to stato Tiesinterested 3 2022 2021 Current ratio 11 Inventory turnover Profit margin Return on assets Return on common stockholders' equity Debt tot ratio Times interest earned

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