The condensed financial statements of Murawski Company for the years 2014 and 2015 are presented shown below.

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The condensed financial statements of Murawski Company for the years 2014 and 2015 are presented shown below. (Amounts in thousands.)

The condensed financial statements of Murawski Company for the years

Compute the following ratios for 2015 and 2014.
(a) Current ratio.
(b) Inventory turnover. (Inventory on 12/31/13 was $340.)
(c) Profit margin.
(d) Return on assets. (Assets on 12/31/13 were $1,900.)
(e) Return on common stockholders' equity. (Stockholders' equity on 12/31/13 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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Financial Accounting

ISBN: 9781118334324

9th Edition

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

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