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 $ 370 $ 368 Accounts receivable (net) 414 468 Inventory 390 480 Prepaid expenses 166 140 Total current assets 1,340 1,456 Investments 14 10 Property, plant, and equipment 350 400 Intangibles and other assets 484 508 Total assets $2,188 $2,374 Current liabilities $ 766 $ 908 Long-term liabilities 350 428 Stockholders equitycommon 1,072 1,038 Total liabilities and stockholders equity $2,188 $2,374 MURAWSKI COMPANY Income Statements For the Years Ended December 31 2020 2019 Sales revenue $3,810 $3,820 Costs and expenses Cost of goods sold 908 942 Selling & administrative expenses 2,300 2,378 Interest expense 21 25 Total costs and expenses 3,229 3,345 Income before income taxes 581 475 Income tax expense 142 81 Net income $ 439 $ 394 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) Current ratio. (b) Inventory turnover. (Inventory on 12/31/18 was $331.) (c) Profit margin ratio. (d) Return on assets. (Assets on 12/31/18 were $1,912.) (e) Return on common stockholders equity. (Stockholders' equity on 12/31/18 was $888.) (f) Debt to assets ratio. (g) Times interest earned.