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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 $ 352 $ 368
Accounts receivable (net) 414 486
Inventory 410 432
Prepaid expenses 142 110
Total current assets 1,318 1,396
Investments 14 10
Property, plant, and equipment 390 422
Intangibles and other assets 508 540
Total assets $2,230 $2,368
Current liabilities $ 778 $ 894
Long-term liabilities 364 410
Stockholders equitycommon 1,088 1,064
Total liabilities and stockholders equity $2,230 $2,368

MURAWSKI COMPANY Income Statements For the Years Ended December 31

2020

2019

Sales revenue $3,900 $3,810
Costs and expenses
Cost of goods sold 896 978
Selling & administrative expenses 2,345 2,400
Interest expense 22 19
Total costs and expenses 3,263 3,397
Income before income taxes 637 413
Income tax expense 188 87
Net income $ 449 $ 326

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 $340.)
(c) Profit margin ratio.
(d) Return on assets. (Assets on 12/31/18 were $1,908.)
(e) Return on common stockholders equity. (Stockholders' equity on 12/31/18 was $890.)
(f) Debt to assets ratio.
(g) Times interest earned.

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