The condensed financial statements of Murawski Company for the years 2016 and 2017 are presented below. (Amounts
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The condensed financial statements of Murawski Company for the years 2016 and 2017 are presented below. (Amounts in thousands.)
Compute the following ratios for 2017 and 2016.
(a) Current ratio.
(b) Inventory turnover. (Inventory on 12/31/15 was $340.)
(c) Profit margin.
(d) Return on assets. (Assets on 12/31/15 were $1,900.)
(e) Return on common stockholders’ equity. (Stockholders’ equity on 12/31/15 was $900.)
(f) Debt to assets ratio.
(g) Times interest earned.
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Accounting Principles
ISBN: 978-1118875056
12th edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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