6 The condensed financial statements of Murawski Company for the years 2019 and 2020 are presented follows. (Amounts in thousands.) MURAWSKI COMPANY Current assets Balance Sheets December 31 2020 2019 Cash and cash equivalents $ 342 $ 365 Accounts receivable (net) 378 484 Inventory 384 466 Prepaid expenses 168 150 Total current assets 1,272 1,465 Investments 10 13 Property, plant, and equipment 400 390 Intangibles and other assets. 512 530 Total assets $2,194 $2,398 Current liabilities $ 800 $ 894 Long-term liabilities 356 390 Stockholders' equity-common 1,038 1,114 Total liabilities and stockholders' equity $2,194 $2,398 MURAWSKI COMPANY Income Statements For the Years Ended December 31 Sales revenue 2020 2019 $3,720 $3,780 Costs and expenses Cost of goods sold 862 958 Selling & administrative expenses 2.315 2,420 Interest expense 24 25 Total costs and expenses 3,201 3,403 Income before income taxes 519 377 Income tax expense Net income 166 $353 70 $307 Compute the following ratios for 2020 and 2019. (Round current ratio and invertory turnover ratio to 2 decimal places, e.g. 1.62 e.g. 1.6 or 1.6%.) (a) Current ratio. (b) Inventory turnover. (Inventory on 12/31/18 was $329.) (c) Profit margin ratio. (d) Return on assets (Assets on 12/31/18 were $1,874.) (e) Return on common stockholders' equity. (Stockholders' equity on 12/31/18 was $880.) (1) Debt to assets ratio. (9) Times interest earned.. CALCULATOR PRINTER VERSION (a) Current ratio. (b) Inventory turnover. (Inventory on 12/31/18 was $329.) (c) Profit margin ratio. (d) Return on assets. (Assets on 12/31/18 were $1,874.) (e) Return on common stockholders' equity. (Stockholders' equity on 12/31/18 was $880.) (f) Debt to assets ratio. (g) Times interest earned. 2020 2019 (a) Current ratio (b) Inventory turnover :1 :1 times times (c) Profit margin ratio 90 % % (d) Return on assets % % (e) Return on common stockholders' equity % % (f) Debt to assets ratio % % (g) Times interest earned times times