S/380 Ratio CalculationsSelect the images below to enlarge.Balance SheetMurawski CompanyBalance SheetDecember 31Current AssetsInvestmentsCash and cash equivalentsAccounts receivable (net)Property, plant, and equipmentIntangibles and other assetsTotal assetsCurrent liabilitiesInventoryPrepaid expensesTotal current assetsSales Revenue$900410Long-term liabilitiesStockholder's equity - common 1,030Total liabilities and stockholder's equity $2,340Murawski CompanyIncome StatementFor the Years Ended December 31Costs and expensesIncome StatementCost of goods soldSelling and Administrative expensesInterest expenseTotal costs and expenses2022Income before income taxes$3304704601201,380Income tax expenseNet Income10420530$2,3402022$3,8009552,400253,380420126$2942021$3604003901601,31010380510$2,210$7903801,040$2,2102021$3,4608902,330203,24022066$154Calculate the 2021 current ratio.Use whole numbers rounded to 2 decimalplaces, if needed, as seen in the examplebelow.1500•1•Example800Current Ratio 2021==1.88Click the check mark to check your answers.Fields with incorrect responses will beremoved so you can try again.

The current ratio represents the ratio between current assets and current liabilities of company and…

mtio Calculations Select the images below to enlarge. Balance Sheet Murawski Company Balance Sheet December 31 Current Assets Investments Cash and cash equivalents Accounts receivable (net) Property, plant, and equipment Intangibles and other assets Total assets Current liabilities Inventory Prepaid expenses Total current assets Sales Revenue Murawski Company Income Statement For the Years Ended December 31 Costs and expenses Cost of goods sold Selling and Administrative expenses Interest expense Total costs and expenses 2022 $900 Long-term liabilities 410 Stockholder's equity-common 1.030 1,040 Total liabilities and stockholder's equity $2,340 $2,210 Income before income taxes Income Statement Income tax expense Net Income $330 $360 470 400 460 390 160 1,310 120 1,380 10 420 530 $2,340 2022 $3,800 2021 955 2,400 25 3,380 420 126 $294 10 380 510 $2,210 $790 380 2021 $3,460 890 2,330 20 3,240 220 66 $154 Calculate the 2021 current ratio. Use whole numbers rounded to 2 decimal places, if needed, as seen in the example below. 1500 ÷ Example ÷ 800 = Current Ratio 2021 = 1.88 Click the check mark to check your answers. Fields with incorrect responses will be removed so you can try again.

mtio Calculations Select the images below to enlarge. Balance Sheet Murawski Company Balance Sheet December 31 Current Assets Investments Cash and cash equivalents Accounts receivable (net) Property, plant, and equipment Intangibles and other assets Total assets Current liabilities Inventory Prepaid expenses Total current assets Sales Revenue Murawski Company Income Statement For the Years Ended December 31 Costs and expenses Cost of goods sold Selling and Administrative expenses Interest expense Total costs and expenses 2022 $900 Long-term liabilities 410 Stockholder's equity-common 1.030 1,040 Total liabilities and stockholder's equity $2,340 $2,210 Income before income taxes Income Statement Income tax expense Net Income $330 $360 470 400 460 390 160 1,310 120 1,380 10 420 530 $2,340 2022 $3,800 2021 955 2,400 25 3,380 420 126 $294 10 380 510 $2,210 $790 380 2021 $3,460 890 2,330 20 3,240 220 66 $154 Calculate the 2021 current ratio. Use whole numbers rounded to 2 decimal places, if needed, as seen in the example below. 1500 ÷ Example ÷ 800 = Current Ratio 2021 = 1.88 Click the check mark to check your answers. Fields with incorrect responses will be removed so you can try again.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 32BEB

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=HCS/380 Ratio Calculations Select the images below to enlarge. Balance Sheet Murawski Company Balance Sheet December 31 Current Assets Investments Cash and cash equivalents Accounts receivable (net) Property, plant, and equipment Intangibles and other assets Total assets Current liabilities Inventory Prepaid expenses Total current assets Sales Revenue Murawski Company Income Statement For the Years Ended December 31 Costs and expenses Long-term liabilities Stockholder's equity - common 1,030 Total liabilities and stockholder's equity $2,340 Cost of goods sold Selling and Administrative expenses Interest expense Total costs and expenses 2022 Income Statement Income before income taxes Income tax expense Net Income $330 470 460 120 1,380 10 420 530 $2,340 $900 410 2022 $3,800 955 2,400 25 3,380 420 126 $294 2021 $360 400 390 160 1,310 10 380 510 $2,210 $790 380 1,040 $2,210 2021 $3,460 890 2,330 20 3,240 220 66 $154 - Academic Resources Calculate the 2021 Inventory Turnover ratio. Use…
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