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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 $ 358 $ 353
Accounts receivable (net) 388 490
Inventory 388 474
Prepaid expenses 170 120
Total current assets 1,304 1,437
Investments 13 12
Property, plant, and equipment 390 418
Intangibles and other assets 492 526
Total assets $2,199 $2,393
Current liabilities $ 800 $ 884
Long-term liabilities 354 390
Stockholders equitycommon 1,045 1,119
Total liabilities and stockholders equity $2,199 $2,393

MURAWSKI COMPANY Income Statements For the Years Ended December 31

2020

2019

Sales revenue $3,710 $3,800
Costs and expenses
Cost of goods sold 896 984
Selling & administrative expenses 2,330 2,410
Interest expense 25 22
Total costs and expenses 3,251 3,416
Income before income taxes 459 384
Income tax expense 160 81
Net income $ 299 $ 303

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 $312.)
(c) Profit margin ratio.
(d) Return on assets. (Assets on 12/31/18 were $1,878.)
(e) Return on common stockholders equity. (Stockholders' equity on 12/31/18 was $882.)
(f) Debt to assets ratio.
(g) Times interest earned.

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