DO IT! 14.3 (LO 3), AP 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 Compute ratios. Current assets Cash and cash equivalents. Accounts receivable (net) Inventory Prepaid expenses Total current assets Investments Property, plant, and equipment (net) Intangibles and other assets Total assets Current liabilities Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity 2022 2021 $ 330 $ 360 470 400 460 390 120 160 1,380 1,310 10 10 420 380 530 510 $2,340 $2,210 $ 900 $ 790 410 380 1,030 1,040 $2,340 $2,210 Murawski Company Income Statements For the Years Ended December 31 Net sales Expenses Cost of goods sold Selling and administrative expenses Interest expense Total expenses Income before income taxes Income tax expense Net income 2022 2021 $3,800 $3,460 955 2,400 25 3,380 420 2,330 3,240 126 66 $ 294 $ 154 100 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-common on 12/31/20 was $900.) f. Debt to assets ratio. g. Times interest earned.