The condensed financial statements of Murawski Company for the years 2013 and 2014 are presented below and

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The condensed financial statements of Murawski Company for the years 2013 and 2014 are presented below and on page 874.


The condensed financial statements of Murawski Company for the years


Compute the following ratios for 2014 and 2013.
(a) Current ratio.
(b) Inventory turnover. (Inventory on 12/31/12 was $340.)
(c) Profit margin.
(d) Return on assets. (Assets on 12/31/12 were $1,900.)
(e) Return on common stockholders’ equity. (Stockholders’ equity on 12/31/12 was $900.)
(f) Debt to assets ratio.
(g) Times interestearned.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Accounting Principles

ISBN: 9781118566671

11th Edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

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