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DO ITI 14.3 (LO 3), AP 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-common on
12/31/20 was $900.) f. Debt to assets ratio. g. Times interest earned.

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DO ITI 14.3 (LO 3), AP The condensed financial statements of Murawski.pdf

  • 1. DO ITI 14.3 (LO 3), AP 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-common on 12/31/20 was $900.) f. Debt to assets ratio. g. Times interest earned.