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