CALCULATOR PRINTER VERSION NEXT Question 6 The condensed financial statements of Murawski Company for the years 2019 and 2020 are presented follows. (Amounts in thousands.) MURAWSKI COMPANY Balance Sheets December 31 2020 2019 Current assets Cash and cash equivalents $362 $ 357 Accounts receivable (net) 378 466 Inventory 408 454 Prepaid expenses 154 126 Total current assets 1,302 1,403 Investments 13 14 Property, plant, and equipment 400 402 Intangibles and other assets 496 528 $2,211 $2,347 Total assets $ 760 $ 910 Current liabilities 372 392 Long-term liabilities 1,071 1.045 Stockholders' equity--Common $2.211 $2.347 Total liabilities and stockholders' equity MURAWSKI COMPANY Income Statements For the Years Ended December 31 36 PM CALCULATOR PLINTER VERSION NEX 2019 $3,770 MURAWSKI COMPANY Income Statements For the Years Ended December 31 2020 Sales revenue $3,790 Costs and expenses Cost of goods sold 876 Selling & administrative expenses 2,325 Interest expense 20 Total costs and expenses 3,221 Income before income taxes 569 Income tax expense 152 Net income $ 417 946 2,390 18 3,354 416 87 $ 329 Compute the following ratios for 2020 and 2019. (Round current ratio and invertory tumover ratio to 2 decimal places... 1.62 or 1.6 and all other answers to decimal place, e.g. 1.6 or 1.696.) (a) (b) (d) Current ratio. Inventory turnover. (Inventory on 12/31/18 was $343.) Profit margin ratio. Return on assets. (Assets on 12/31/13 were $1,918.) Return on common stockholders' equity. (Stockholders' equity on 12/31/18 was $916.) Debt to assets ratio. Times interest earned (0) decimal place, e.g. 1.6 or 1.6%.) (a) (b) (c) (d) (e) (1) (9) Current ratio. Inventory turnover. (Inventory on 12/31/18 was $343.) Profit margin ratio. Return on assets. (Assets on 12/31/18 were $1,918.) Return on common stockholders' equity. (Stockholders' equity on 12/31/18 was $916.) Debt to assets ratio. Times interest earned. 2020 2019 (a) Current ratio 81 :1 (b) Inventory turnover times times (c) Profit margin ratio % % (d) Return on assets % % (e) Return on common stockholders' equity % % % % (f) Debt to assets ratio times times (9) Times interest earned