tions 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 Long-term liabilities Stockholder's equity-common Total liabilities and stockholder's equity 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 Income before income taxes 2022 Income Statement Income tax expense Net Income $330 470 460 120 1,380 10 420 530 $2,340 2022 $900 410 1,030 1,040 $2,340 $2,210 $3,800 955 2,400 25 3,380 2021 420 126 $294 $360 400 390 160 1,310 10 380 510 $2,210 $790 380 2021 $3,460 890 2,330 20 3,240 220 66 $154 Academic Resources Calculate the 2021 Inventory Turnover ratio. Use whole numbers rounded to 2 decimal places, if needed, as seen in the example below. 1500 HCS/380: Week 4-Horizontal and Example 800 ·.1. Inventory Turnover Ratio 2021 1.88 Click the check mark to check your answers. Fields with incorrect responses will be removed so you can try again.
tions 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 Long-term liabilities Stockholder's equity-common Total liabilities and stockholder's equity 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 Income before income taxes 2022 Income Statement Income tax expense Net Income $330 470 460 120 1,380 10 420 530 $2,340 2022 $900 410 1,030 1,040 $2,340 $2,210 $3,800 955 2,400 25 3,380 2021 420 126 $294 $360 400 390 160 1,310 10 380 510 $2,210 $790 380 2021 $3,460 890 2,330 20 3,240 220 66 $154 Academic Resources Calculate the 2021 Inventory Turnover ratio. Use whole numbers rounded to 2 decimal places, if needed, as seen in the example below. 1500 HCS/380: Week 4-Horizontal and Example 800 ·.1. Inventory Turnover Ratio 2021 1.88 Click the check mark to check your answers. Fields with incorrect responses will be removed so you can try again.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Transcribed Image Text:=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 whole numbers rounded to 2 decimal
places, if needed, as seen in the example
below.
1500
HCS/380: Week 4 - Horizontal and Vertical Analysis - Academie
Example
800
=
Inventory Turnover Ratio 2021
1.88
Click the check mark to check your answers.
Fields with incorrect responses will be
removed so you can try again.
Expert Solution
Step 1
Inventory Turnover ratio is one of the efficiency ratio being used in business. This shows how many times inventory is sold in that particular period.
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