The condensed financial statements of Murawski Company for the years 2016 and 2017 are presented as follows.

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The condensed financial statements of Murawski Company for the years 2016 and 2017 are presented as follows. (Amounts in thousands.)
The condensed financial statements of Murawski Company for the years
The condensed financial statements of Murawski Company for the years

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.

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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Survey of Accounting

ISBN: 978-1119330028

1st edition

Authors: Paul D. Kimmel, Jerry J. Weygandt

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