07:20 PM/ Remalning: 199 min URCES rt 2 Question 6 The condensed finandial statements of Murawski Company for the years 2019 and 2020 are presented follows. (Amounts in thousands.) BACK MURAWSKI COMPANY Balance Sheets 2020 2019 Current assets Cash and cash equlvalents Accounts receivable (net) $330$359 410 Prepaid expenses 134 1,403 14 Total current assets Investments Property, plant, and equipment Intangibles and other assets 488 $2,126 $2,315 s 794 $914 418 Total assets Current liabilities Long-term liabilities 388 Total liabilities and stockholders' equity 126 $2.315 MURAWSKI COMPANY Income Statements For the Years Ended December 31 2020 2019 Sales revenue $3,990$3,790 Costs and expenses Cost of goods sold Selling & administrative expenses 2,325 2,396 RCES t2 Total liabilities and stockholders' equity $2,126 BACK $2,315 MURAWSKI COMPANY Income Statements For the Years Ended December 31 2020 2019 Sales revenue $3,990 $3,790 Costs and expenses tudy Cost of goods sold Selling & administrative expenses Interest expense 2,325 23 3,236 754 174 966 2,396 20 3,382 408 76 Total costs and expenses Income before income taxes Income tax expense Net income $ 580332 Compute the following ratios for 2020 and 2019. (Round current ratio and invertory turnover ratio to 2 decimal place, e.g. 1.6 or 1.6%.) decimal places, e.g. 1.62 or 1.62% and all other answers to (a) (b) (e) (a) (e) (f) (9) Current ratio. Inventory turnover. (Inventory on 12/31/18 wt $344.) Profit margin ratio. Return on assets. (Assets on 12/31/18 were $1,894.) Return on common stockholders' equity.(Stockholders' equity on 12/31/18 was $904.) Debt to assets ratio. Times interest earned. 2020 2019 1.60 :1 1.54 :1 (a) Current ratio 174 76 $580$ 332 Net income Compute the following rates for 2020 and 2019. (Round current ratio and Invertory turnover ratio to 2 decinal places, eg. 1.62 or 1.62% and all other answers to 1 de 66 1.6 or 14%) (b) Inventory tunover. (Inventory on 12/31/18 was $344.) sults by Study (e) Profit margin ratio. (d) Return on assets. (Assets on 12/31/18 were $1,894.) (e) Return on common stockholders' equity. (Stockholders' equity on 12/31/18 was $904.) (n) Debt to assets ratio (a) Times interest earned. 2020 1.60 :1 2.22 times 15.0 % (b) Inventory turnover 1.18 times times SUBMIT ANSWE SAVE FOR LATER Question Attempts: 0 of 1 used