Do It! Review 14-3 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 Accounts receivable (net) Inventory Prepaid expenses Total current assets Investments Property, plant, and equipment Intangibles and other assets Total assets Current liabilities Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity $ 348 402 392 150 1,292 14 350 524 $2,180 $ 780 372 1,028 $2,180 $ 364 478 460 130 1,432 13 434 504 $2,383 $ 918 416 1,049 $2,383 MURAWSKI COMPANY Income Statements For the Years Ended December 31 2020 $3,830 2019 $3,810 876 2,325 Sales revenue Costs and expenses Cost of goods sold Selling & administrative expenses Interest expense Total costs and expenses Income before income taxes Income tax expense Net income 948 2,378 25 3,351 3,225 605 180 459 83 $ 376 $ 425 Compute the following ratios for 2020 and 2019. (Round current ratio and invertory turnover ratio to 2 decimal places, e.g. 1.62 or 1.62% and all other answers to 1 decimal place, e.g. 1.6 or 1.6%.) (a) (b) (c) (d) Current ratio. Inventory turnover. (Inventory on 12/31/18 was $335.) Profit margin ratio. Return on assets. (Assets on 12/31/18 were $1,896.) Return on common stockholders' equity. (Stockholders' equity on 12/31/18 was $904.) Debt to assets ratio. Times interest earned. (e) (g) 2020 2019 (a) Current ratio times times (b) Inventory turnover (c) Profit margin ratio (d) Return on assets (e) Return on common stockholders' equity (f) Debt to assets ratio (9) Times interest earned times times