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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 $ 354 $ 360
Accounts receivable (net) 420 476
Inventory 398 450
Prepaid expenses 170 140
Total current assets 1,342 1,426
Investments 11 10
Property, plant, and equipment 400 410
Intangibles and other assets 512 522
Total assets $2,265 $2,368
Current liabilities $ 794 $ 882
Long-term liabilities 378 428
Stockholders equitycommon 1,093 1,058
Total liabilities and stockholders equity $2,265 $2,368

MURAWSKI COMPANY Income Statements For the Years Ended December 31

2020

2019

Sales revenue $3,940 $3,770
Costs and expenses
Cost of goods sold 860 990
Selling & administrative expenses 2,345 2,406
Interest expense 23 25
Total costs and expenses 3,228 3,421
Income before income taxes 712 349
Income tax expense 172 77
Net income $ 540 $ 272

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 $311.)
(c) Profit margin ratio.
(d) Return on assets. (Assets on 12/31/18 were $1,900.)
(e) Return on common stockholders equity. (Stockholders' equity on 12/31/18 was $892.)
(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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