Do It! Review 14-2 The condensed financial statements of Murawski Company for the years 2014 and 2015 are presented below. MURAWSKI COMPANY Balance Sheets December 31 2015 2014 Current assets Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Total current assets Property, plant, and equipment Investments Intangibles and other assets Total assets Current liabilities Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity $ 366 417 399 141 1,323 366 13 508 $2,210 $365 485 460 149 1,459 394 14 522 $2,389 $ 881 397 1,111 $2,389 $ 792 351 1,067 $2,210 MURAWSKI COMPANY Income Statements For the Years Ended December 31 2015 Sales revenue $3,768 Corteandovnoncer 2014 $3,772 2014 $3,772 MURAWSKI COMPANY Income Statements For the Years Ended December 31 2015 Sales revenue $3,768 Costs and expenses Cost of goods sold 884 Selling & administrative expenses 2,325 Interest expense 24 Total costs and expenses 3,233 Income before income taxes 535 Income tax expense 148 Net income $ 387 955 2,384 3,363 409 167 $ 242 Compute the following ratios for 2015 and 2014. (Round answers to 1 decimal place, e.g. 1.6 or 1.6%.) (a) (b) (c) (d) (e) (f) (g) Current ratio. Inventory turnover. (Inventory on 12/31/13 was $342.) Profit margin. Return on assets. (Assets on 12/31/13 were $1,908.) Return on common stockholders' equity. (Equity on 12/31/13 was $910.) Debt to assets ratio. Times interest earned. (a) (b) (c) (d) (e) (f) (9) Current ratio. Inventory turnover. (Inventory on 12/31/13 was $342.) Profit margin. Return on assets. (Assets on 12/31/13 were $1,908.) Return on common stockholders' equity. (Equity on 12/31/13 was $910.) Debt to assets ratio. Times interest earned. 2015 2014 times times Current ratio Inventory turnover Profit margin ratio Return on assets Return on common stockholders' equity Debt to assets ratio Times interest earned times times