Question 6 The condensed financial statements of Murawsk ny for the years 2019 and 2020 are presented follows. (Amounts in thousands.) MURAWSKI COMP Balance Sheets 31 2020 2019 Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses 330 $359 478 432 134 1,403 14 390 508 $2,126 $2,315 s 914 410 156 Property, plant, and equipment Intangibles and other assets 14 360 488 Total assets Current liabilities $794 388 944 $2,126 Long-term liabilities 983 $2,315 Total liabilities and stockholders' equity 2020 2019 Sales revenue $3,990 $3,790 Costs and expenses Cost of goods sold Selling & administrative expenses 966 2,396 2,325 Income Statements For the Years Ended December 31 2020 2019 $3,990 $3,790 Cost of goods sold Selling & administrative expenses Interest expense 966 2,396 20 3,382 2,325 23 udy Total costs and expenses ,2363385 408 76 58p$ 332 754 Income before income taxes Income tax expense 174 Compute the following ratios for 2020 and 2019. (Round current ratio and inventory turnover ratio to 2 decimal places, e.g. 1.62 or 1.62% and all other (b) Inventory turnover. (Inventory on 12/31/18 was $344.) (c) Profit margin ratio. (d) Return on assets. (Assets on 12/31/18 were $1,894.) (e) Return on common stockholders equity. (Stockholders' equity on 12/31/18 was $904.) (t) Debt to assets ratio. (9) Times interest earned. 2020 2019 (b) Inventory turnover (c) Profit margin ratio URCES 174 76 Net Income 332 Compute the following ratios for 2020 and 2019. (Round current ratio and Invertory turnover ratio to 2 decimal places, eg, 1.62 or 1.62% and all other answers to 1 (b) Inventory turnover. (Inventory on 12/31/18 was $344.) (c) Profit margin ratio (d) Return on assets. (Assets on 12/31/18 were $1,894) (e) Return on common stockholders' equity. (Stockholders equity on 12/31/18 was $904.) (f) Debt to assets ratio. 2020 2019 (b) Inventory turnove (d) Return on assets (e) Return on common stockholders' equity (t) Debt to assets ratio SAVE FOR LATER Question Attempts: o of 1 used