The condensed financial statements of Murawski Company for the years 2019 and 2020 are presented as follows.

Question:

The condensed financial statements of Murawski Company for the years 2019 and 2020 are presented as follows. (Amounts in thousands.)

Murawski Company Balance Sheets December 31 2020 2019 Current assets $ 330 Cash and cash equivalents Accounts receivable

Murawski Company Income Statements For the Years Ended December 31 2020 2019 Sales revenue $3,800 $3,460 Costs and expen

Compute the following ratios for 2020 and 2019.
a. Current ratio.
b. Inventory turnover. (Inventory on 12/31/18 was $340.)
c. Profit margin.
d. Return on assets. (Assets on 12/31/18 were $1,900.)
e. Return on common stockholders€™ equity. (Stockholders€™ equity on 12/31/18 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...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Accounting Principles

ISBN: 978-1119411482

13th edition

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

Question Posted: