Question 1 of 7 Compute the following ratios for 2020 and 2019. (Round current ratio and Invertory turnover ratlo to 2 decimal places, c.g. 1.62 or 1.62% and all other answers to 1 decimal place, 28. 1.6 or 1.6%) (a) (b) (c) (d) le) (1) Current ratio. Inventory turnover (Inventory on 12/31/18 was $310.) Profit margin ratio Return on assets. (Assets on 12/31/18 were $1.870.) Return on common stockholders' equity. (Stockholders equity on 12/31/18 was $880.) Debt to assets ratio Times interest earned 2020 2019 :1 :1 (a) Current ratio times times (6) Inventory turnover 90 (c) Profit margin ratio X X (d) Return on assets (e) Return on common stockholders equity % The condensed financial statements of Murawski Company for the years 2019 and 2020 are presented follows. (Amounts in thousands.) 2019 $ 350 440 430 100 MURAWSKI COMPANY Balance Sheets December 31 2020 Current assets Cash and cash equivalents $330 Accounts receivable (net) 370 Inventory 360 Prepaid expenses 130 Total current assets 1.190 Investments 10 Property, plant, and equipment 350 Intangibles and other assets 480 Total assets $2,030 Current liabilities $ 760 Long-term liabilities 350 Stockholders' equity-common 920 Total liabilities and stockholders equity $2.030 1,320 10 390 500 $2,220 $ 870 380 970 $2,220 2019 $3,770 MURAWSKI COMPANY Income Statements For the Years Ended December 31 2020 Sales revenue $3,700 Costs and expenses Cost of goods sold 860 Selling & administrative expenses 2.300 Interest expense 20 Total costs and expenses 3,180 Income before income taxes 520 Income tax expense 138 Net income $382 940 2,370 18 3,328 442 70 $372 2020 2019 (a) Current ratio :1 :1 (b) Inventory turnover times times (c) Profit margin ratio % 96 (d) Return on assets %6 le) Return on common stockholders equity 36 % Debt to assets ratio % (8) % Times Interest earned times times