The condensed financial statements of Murawski Company for the years 2016 and 2017 are presented below. (Amounts in thousands.)

2017 2016

Current assets

Cash and cash equivalents $ 336 $ 362

Accounts receivable (net) 414 482

Inventory 362 464

Prepaid expenses 132 104

Total current assets 1,244 1,412

Investments 13 14

Property, plant, and equipment 370 418

Intangibles and other assets 492 500

Total assets $2,119 $2,344

Current liabilities $ 808 $ 902

Long-term liabilities 360 380

Stockholders' equitycommon 951 1,062

Total liabilities and stockholders' equity $2,119 $2,344

MURAWSKI COMPANY

Income Statements

For the Years Ended December 31

2017 2016

Sales revenue $3,760 $3,820

Costs and expenses

Cost of goods sold 890 978

Selling & administrative expenses 2,310 2,382

Interest expense 21 18

Total costs and expenses 3,221 3,378

Income before income taxes 539 442

Income tax expense 172 81

Net income $ 367 361

Compute the following ratios for 2017 and 2016. (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) Current ratio.

(b) Inventory turnover. (Inventory on 12/31/15 was $331.)

(c) Profit margin.

(d) Return on assets. (Assets on 12/31/15 were $1,902.)

(e) Return on common stockholders' equity. (Stockholders' equity on 12/31/15 was $920.)

(f) Debt to assets ratio.

(g) Times interest earned

2017 2016

Current ratio :1 :1

Inventory turnover times times

Profit margin % %

Return on assets % %

Return on common stockholders' equity % %

Debt to assets ratio % %

Times interest earned times times