The condensed financial statements of Murawski Company for the years 2016 and 2017 are presented as follows. (Amounts in thousands.) MURAWSKI COMPANY Balance Sheets December 31 2017 2016 $330 470 $360 400 460 390 120 160 1,380 10 1,310 10 Current assets Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Total current assets Investments Property, plant, and equipment (net) Intangibles and other assets Total assets Current liabilities Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity 420 530 $2,340 380 510 $2,210 $790 $900 410 380 1,030 1,040 $2,210 $2,340 MURAWSKI COMPANY Income Statements For the Year Ended December 31 2017 Sales revenue $3,800 2016 $3,460 955 890 Costs and expenses Cost of goods sold Selling & administrative expenses Interest expense Total costs and expenses Income before income taxes Income tax expense 2,400 25 2,330 20 3,240 3,380 420 220 126 66 Net income $ 294 $ 154 Compute the following ratios for 2017 and 2016. (Round current ratio and inventory turnover to 2 decimal places, e.g. 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 12.6%.) (a) (b) (c) (d) (e) Current ratio. Inventory turnover. (Inventory on 12/31/15, was $340.) Profit margin. Return on assets. (Assets on 12/31/15, were $1,900.) Return on common stockholders' equity. (Stockholders' equity on 12/31/15, was $900.) Debt to assets ratio. Times interest earned. (f) (a) (b) (c) (d) (e) (f) Current ratio. Inventory turnover. (Inventory on 12/31/15, was $340.) Profit margin. Return on assets. (Assets on 12/31/15, were $1,900.) Return on common stockholders' equity. (Stockholders' equity on 12/31/15, was $900.) Debt to assets ratio. Times interest earned. (g) 2017 2016 Current ratio. 1.52 :1 1.66 :1 Inventory turnover. 2.24 1.87 Profit margin. 7.74 % 4.45 % Return on assets. % % Return on common stockholders' equity. % % Debt to assets ratio. 0 % 0 % Times interest earned. 152 times 3.33 times