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The condensed financial statements of Murawski Company for the years 2019 and 2020 are presented follows. (Amounts in thousands.) MURAWSKI COMPANY Balance Sheets December 31

The condensed financial statements of Murawski Company for the years 2019 and 2020 are presented follows. (Amounts in thousands.)

MURAWSKI COMPANY Balance Sheets December 31

2020

2019

Current assets
Cash and cash equivalents $ 380 $ 365
Accounts receivable (net) 414 440
Inventory 410 464
Prepaid expenses 146 146
Total current assets 1,350 1,415
Investments 14 10
Property, plant, and equipment 400 426
Intangibles and other assets 492 540
Total assets $2,256 $2,391
Current liabilities $ 808 $ 884
Long-term liabilities 366 416
Stockholders equitycommon 1,082 1,091
Total liabilities and stockholders equity $2,256 $2,391

MURAWSKI COMPANY Income Statements For the Years Ended December 31

2020

2019

Sales revenue $3,920 $3,790
Costs and expenses
Cost of goods sold 888 946
Selling & administrative expenses 2,300 2,372
Interest expense 20 23
Total costs and expenses 3,208 3,341
Income before income taxes 712 449
Income tax expense 180 85
Net income $ 532 $ 364

Compute the following ratios for 2020 and 2019. (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 12/31/18 was $333.)
(c) Profit margin ratio.
(d) Return on assets. (Assets on 12/31/18 were $1,892.)
(e) Return on common stockholders equity. (Stockholders' equity on 12/31/18 was $906.)
(f) Debt to assets ratio.
(g) Times interest earned.

2020

2019

(a) Current ratio :1 :1
(b) Inventory turnover times times
(c) Profit margin ratio % %
(d) Return on assets % %
(e) Return on common stockholders equity % %
(f) Debt to assets ratio % %
(g) Times interest earned times times

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