The condensed financial statements of Murawski Company for the years 2021 and 2022 are presented as follows.

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The condensed financial statements of Murawski Company for the years 2021 and 2022 are presented as follows. (Amounts in thousands.)

Murawski Company Balance Sheets December 31 2021 2022 Current assets $ 330 470 $ 360 Cash and cash equivalents Accounts


Compute the following ratios for 2022 and 2021. 

a. Current ratio. 

b. Inventory turnover. (Inventory on 12/31/20 was $340.) c. Profit margin. 

d. Return on assets. (Assets on 12/31/20 were $1,900.) 

e. Return on common stockholders’ equity. (Stockholders’ equity on 12/31/20 was $900.) 

f. Debt to assets ratio. 

g. Times interest earned.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Financial Accounting Tools for Business Decision Making

ISBN: 978-1119493631

9th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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