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 $ 360 478 $ 342 394 382 144 1,262 10 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 400 500 $2,172 $ 778 400 994 $2,172 458 102 1,398 10 410 510 $2,328 $ 888 430 1,010 $2,328 2019 $3,770 MURAWSKI COMPANY Income Statements For the Years Ended December 31 2020 Sales revenue $3,710 Costs and expenses Cost of goods sold 900 Selling & administrative expenses 2,345 Interest expense 20 Total costs and expenses 3,265 Income before income taxes Income tax expense 162 Net income $ 283 974 2,400 24 3,398 372 73 $ 299 445 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) (e) (f) (g) Current ratio. Inventory turnover. (Inventory on 12/31/18 was $347.) Profit margin ratio. Return on assets. (Assets on 12/31/18 were $1,904.) Return on common stockholders' equity. (Stockholders' equity on 12/31/18 was $886.) Debt to assets ratio. Times interest earned. 2020 2019 (a) Current ratio (b) Inventory turnover times times (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 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER % Earn Maximum Points available only if you answer this question correctly in your first attempt