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 $ 354 Cash and cash equivalents Accounts receivable (net) Inventory $ 360 476 420 398 450 170 140 Prepaid expenses Total current assets 1,342 1,426 Investments 11 10 400 410 Property, plant, and equipment Intangibles and other assets 512 522 Total assets $2,265 $2,368 Current liabilities $ 794 $ 882 428 Long-term liabilities Stockholders' equity-common 378 1,093 1,058 $2,368 Total liabilities and stockholders' equity $2,265 2019 MURAWSKI COMPANY Income Statements For the Years Ended December 31 2020 Sales revenue $3,940 Costs and expenses Cost of goods sold 860 Selling & administrative expenses 2,345 Interest expense 23 Total costs and expenses 3,228 Income before income taxes 712 Income tax expense Net income $ 540 990 2,406 25 3,421 172 349 77 $ 272 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) (9) Current ratio. Inventory turnover. (Inventory on 12/31/18 was $311.) Profit margin ratio. Return on assets. (Assets on 12/31/18 were $1,900.) Return on common stockholders' equity. (Stockholders' equity on 12/31/18 was $892.) Debt to assets ratio. Times interest earned. 2020 2019 (a) Current ratio :1 :1 (b) Inventory turnover times times (c) Profit margin ratio (d) Return on assets (e) Return on common stockholders' equity (f) Debt to assets ratio % (g) Times interest earned times times Click if you would like to Show Work for this question: Open Show Work