The condensed financial statements of Sunland Company for the years 2021 and 2022 are presented as follows. (Amounts in thousands.) SUNLAND COMPANY Balance Sheets December 31     2022   2021 Current assets            Cash and cash equivalents   $330   $360    Accounts receivable (net)   550   480    Inventory   500   430    Prepaid expenses   120   160      Total current assets   1,500   1,430 Investments   90   90 Property, plant, and equipment (net)   420   380 Intangibles and other assets   530   510      Total assets   $2,540   $2,410 Current liabilities   $980   $870 Long-term liabilities   450   420 Stockholders’ equity—common   1,110   1,120      Total liabilities and stockholders’ equity   $2,540   $2,410   SUNLAND COMPANY Income Statements For the Years Ended December 31     2022   2021 Net sales   $3,840   $3,500 Expenses            Cost of goods sold   1,035   970    Selling & administrative expenses   2,400   2,330    Interest expense   25   20      Total expenses   3,460   3,320 Income before income taxes   380   180 Income tax expense   114   54 Net income   $ 266   $ 126 Compute the following ratios for 2022 and 2021. (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 12/31/20 was $420.) (c)   Profit margin. (d)   Return on assets. (Assets on 12/31/20 were $2,800.) (e)   Return on common stockholders’ equity. (Stockholders’ equity—common on 12/31/20 was $910.) (f)   Debt to assets ratio. (g)   Times interest earned.         2022   2021 (a) Current ratio   enter a number for current ratio rounded to 2 decimal places  :1   enter a number for current ratio rounded to 2 decimal places  :1 (b) Inventory turnover   enter the Inventory turnover in times rounded to 2 decimal places  times   enter the Inventory turnover in times rounded to 2 decimal places  times (c) Profit margin   enter Profit margin in percentages rounded to 1 decimal place  %   enter Profit margin in percentages rounded to 1 decimal place  % (d) Return on assets   enter Return on assets in percentages rounded to 1 decimal place  %   enter Return on assets in percentages rounded to 1 decimal place  % (e) Return on common stockholders’ equity   enter Return on common stockholders’ equity in percentages rounded to 1 decimal place  %   enter Return on common stockholders’ equity in percentages rounded to 1 decimal place  % (f) Debt to assets ratio   enter Debt to assets ratio in percentages rounded to 1 decimal place  %   enter Debt to assets ratio in percentages rounded to 1 decimal place  % (g) Times interest earned   enter the Times interest earned rounded to 1 decimal place  times   enter the Times interest earned rounded to 1 decimal place  times

The following financial statements and additional information are reported. IKIBAN INCORPORATED Comparative Balance Sheets At June 30 2021 2020 Assets     Cash $ 92,500 $ 69,000 Accounts receivable, net 102,500 76,000 Inventory 88,800 124,000 Prepaid expenses 6,900 10,400 Total current assets 290,700 279,400 Equipment 149,000 140,000 Accumulated depreciation—Equipment (39,500) (21,500) Total assets $ 400,200 $ 397,900 Liabilities and Equity     Accounts payable $ 50,000 $ 67,500 Wages payable 8,500 20,000 Income taxes payable 5,900 8,800 Total current liabilities 64,400 96,300 Notes payable (long term) 55,000 85,000 Total liabilities 119,400 181,300 Equity     Common stock, $5 par value 270,000 185,000 Retained earnings 10,800 31,600 Total liabilities and equity $ 400,200 $ 397,900 IKIBAN INCORPORATED Income Statement For Year Ended June 30, 2021 Sales $ 803,000 Cost of goods sold 436,000 Gross profit 367,000 Operating…

Bonita Industries's balance sheet accounts as of December 31, 2021 and 2020 and information relating to 2018 activities are presented below.          December 31,               2021          2020    Assets       Cash $   439000   $   199000 Short-term investments      600000   — Accounts receivable (net) 1000000   1000000 Inventory 1360000   1190000 Long-term investments   398000     600000 Plant assets 3400000   2010000 Accumulated depreciation    (900000)      (900000) Patent     182000       201000       Total assets $6479000   $4300000  Liabilities and Stockholders' Equity       Accounts payable and accrued liabilities $1660000   $1460000 Notes payable (nontrade)      582000   — Common stock, $10 par 1587000   1410000 Additional paid-in capital     802000       500000 Retained earnings     1848000       930000       Total liabilities and stockholders' equity $6479000    $4300000 Information relating to 2021 activities:• Net income…

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