Question 1 of 7 - 76.5 III The condensed financial statements of Murawski Company for the years 2019 and 2020 are presented follows. (Amounts in thousands.) 2019 $ 370 442 470 146 MURAWSKI COMPANY Balance Sheets December 31 2020 Current assets Cash and cash equivalents $346 Accounts receivable (net) 406 Inventory 392 Prepaid expenses 150 Total current assets 1.294 Investments 12 Property, plant, and equipment 390 Intangibles and other assets 502 Total assets $2,198 Current liabilities $ 270 Long term liabilities 360 Stockholders' equity-common 1.068 Total liabilities and stockholders' equity $2.198 1.428 12 418 528 $2.386 $ 900 416 1,070 $2,386 Question 1 of 7 - / 6.5 = 2019 $3,800 MURAWSKI COMPANY Income Statements For the Years Ended December 31 2020 Sales revenue $3,970 Costs and expenses Cost of goods sold 888 Selling & administrative expenses 2.350 Interest expense 24 Total costs and expenses 3,262 Income before income taxes 708 Income tax expense Net Income $530 976 2,414 18 3,408 392 178 89 $ 303 Compute the following ratios for 2020 and 2019. (Round current ratio and invertory tumover ratio to 2 decimal places, eg. 1.62 or 1.62% and all other answers to 1 decimal place, e... 1.6 or 1.6%.) (a) (b) c) (d) (e) () Current ratio. Inventory turnover. (Inventory on 12/31/18 was $318.) Profit margin ratio Return on assets. (Assets on 12/31/18 were $1.880.) Return on common stockholders' equity (Stockholders' equity on 12/31/18 was $880) Debt to assets ratio. Times interest earned $ 2020 2019 (a) Current ratio :1 :1 (b) Inventory turnover times times (c) Profit margin ratio 96 96 (d) Return on assets 96 98 (e) Return on common stockholders' equity % % 161) Debt to assets ratio % % Question 1 of 7 - / 6.5 ) (c) (d) (e) (1) Inventory turnover inventory on 12/31/18 was $318.7 Profit margin ratio. Return on assets. (Assets on 12/31/18 were $1,880.) Return on common stockholders' equity. (Stockholders' equity on 12/31/18 was $880.) Debt to assets ratio Times interest earned. 2020 2019 (a) Current ratio :1 :1 (b) Inventory turnover times times (c) Profit margin ratio %6 se (d) Return on assets % 96 (e) Return on common stockholders' equity % 96 (0 Debt to assets ratio %6 % Times interest earned times times