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 $ 380 378 $ 359 468 466 144 368 1,437 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 174 1,300 11 350 14 406 544 494 $2,155 $ 808 $2,401 $ 902 402 1,097 352 995 $2,155 $2,401 Assignment MURAWSKI COMPANY Income Statements For the Years Ended December 31 2020 $3,940 2019 $3,810 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 906 2,340 22 3,268 672 954 2,394 20 3,368 442 82 $ 360 148 $ 524 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%.) (b) (a) Current ratio. Inventory turnover. (Inventory on 12/31/18 was $350.) (c) Profit margin ratio. Return on assets. (Assets on 12/31/18 were $1,894.) (e) Return on common stockholders' equity. (Stockholders' equity on 12/31/18 was $880.) (f) Debt to assets ratio. (d) Rel 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) Inve (c) (d) Current ratio. Inventory turnover. (Inventory on 12/31/18 was $350.) Profit margin ratio. Return on assets. (Assets on 12/31/18 were $1,894.) Return on common stockholders' equity. (Stockholders' equity on 12/31/18 was $880.) Debt to assets ratio. Times interest earned. (e) Retu (f) (g) 2020 2019 (a) Current ratio :1 (b) Inventory turnover times (c) Profit margin ratio (d) Return on assets (e) Return on common stockholders' equity (6) Debt to assets ratio (9) Times interest earned times times Click if you would like to Show Work for this question: Open Show Work