The condensed financial statements of Murawski Company for the years 2021 and 2022 are presented as follows. (Amounts in thousands.) Compute the following ratios for 2022 and 2021. a. Current ratio. b. Inventory turnover. (Inventory on 12/31/20 was $340.) c. Profit margin. d. Return on assets. (Assets on 12/31/20 were $1,900.) e. Return on common stockholders’ equity. (Stockholders’ equity on

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The condensed financial statements of Murawski Company for the years 2021 and 2022 are presented as follows. (Amounts in thousands.)

Murawski Company Balance Sheets December 31 2021 2022 Current assets $ 330 470 $ 360 Cash and cash equivalents Accounts


Compute the following ratios for 2022 and 2021. 

a. Current ratio. 

b. Inventory turnover. (Inventory on 12/31/20 was $340.) c. Profit margin. 

d. Return on assets. (Assets on 12/31/20 were $1,900.) 

e. Return on common stockholders’ equity. (Stockholders’ equity on 12/31/20 was $900.) 

f. Debt to assets ratio. 

g. Times interest earned.

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...
Related Book For answer-question

Financial Accounting Tools for Business Decision Making

9th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

ISBN: 978-1119493631