Murawski Company Balance Sheet December 31 Current Assets Investments Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Total current assets Property, plant, and equipment Intangibles and other assets Total assets Current liabilities 2022 Long-term liabilities Stockholder's equity-common Total liabilities and stockholder's equity $330 $360 470 400 460 390 120 160 1,380 1,310 10 420 530 $2.340 2021 o Statement 10 380 510 $2,210 $900 $790 410 380 1.030 1,040 $2.340 $2.210 Use whole numbers rounde places, if needed, as seen i below. 1500 = ... 890 Example 800 Inventory Turnover +425

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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alculations
Cale
D
20
Select the images below to enlarge.
Balance Sheet
Current Assets
Investments
Bl
F5
Murawski Company
Balance Sheet
December 31
de in
%
5
Current liabilities
Cash and cash equivalents
Accounts receivable (net)
Property, plant, and equipment
Intangibles and other assets
Total assets
Inventory
Prepaid expenses
Total current assets
Sales Revenue
Murawski Company
Income Statement
For the Years Ended December 31
$900
$790
410
380
Long-term liabilities
Stockholder's equity - common
1.030
1,040
Total liabilities and stockholder's equity $2.340 $2,210
Costs and expenses
ㅏ
Income Statement
Cost of goods sold
Selling and Administrative expenses
Interest expense
Total costs and expenses
Income before income taxes
F6
2022
Income tax expense
Net Income
A
6
O
F7
Y
$330 $360
400
470
460
390
120
160
1,380
1,310
10
420
530
$2.340
2021
2022
$3,800
955
2,400
25
3.380
420
126
$294
10
380
510
$2,210
&
7
2021
$3,460
890
2.330
20
3,240
8
220
66
$154
W
F8
U
*
8
Calculate the 2021 Inventory Turnover ratio.
Use whole numbers rounded to 2 decimal
places, if needed, as seen in the example
below.
1500
F9
890
Example
800
Inventory Turnover Ratio 2021
prt sc
F10
(
9
425
Click the check mark to check your answers.
Fields with incorrect responses will be
removed so you can try again.
home
F11
O
0
= 2.0⁹
1.88
end
F12
P
insert
+ 11
1:26 PM
12/19/202
delete
{
91
Transcribed Image Text:alculations Cale D 20 Select the images below to enlarge. Balance Sheet Current Assets Investments Bl F5 Murawski Company Balance Sheet December 31 de in % 5 Current liabilities Cash and cash equivalents Accounts receivable (net) Property, plant, and equipment Intangibles and other assets Total assets Inventory Prepaid expenses Total current assets Sales Revenue Murawski Company Income Statement For the Years Ended December 31 $900 $790 410 380 Long-term liabilities Stockholder's equity - common 1.030 1,040 Total liabilities and stockholder's equity $2.340 $2,210 Costs and expenses ㅏ Income Statement Cost of goods sold Selling and Administrative expenses Interest expense Total costs and expenses Income before income taxes F6 2022 Income tax expense Net Income A 6 O F7 Y $330 $360 400 470 460 390 120 160 1,380 1,310 10 420 530 $2.340 2021 2022 $3,800 955 2,400 25 3.380 420 126 $294 10 380 510 $2,210 & 7 2021 $3,460 890 2.330 20 3,240 8 220 66 $154 W F8 U * 8 Calculate the 2021 Inventory Turnover ratio. Use whole numbers rounded to 2 decimal places, if needed, as seen in the example below. 1500 F9 890 Example 800 Inventory Turnover Ratio 2021 prt sc F10 ( 9 425 Click the check mark to check your answers. Fields with incorrect responses will be removed so you can try again. home F11 O 0 = 2.0⁹ 1.88 end F12 P insert + 11 1:26 PM 12/19/202 delete { 91
ex
F4
$
4
O
R
Select the images below to enlarge.
Balance Sheet
8
31
Current Assets
F5
de in
Murawski Company
Balance Sheet
December 31
%
5
tments.
Current liabilitles
Cash and cash
Accounts receivi
Property, plant, ander
Intangibles and oth
Long-term
Stockholder's equity -
Total liabilities and stockholde
Prepaid
Total curre
Sales Revenue
Murawski Company
Income Statement
For the Years Ended December 31
Income Statement
costs and expenses
T
Cost of goods sold
Selling and Administrative expenses
interest expense
Total costs and expenses
income before income taxes
F6
Incontve tax expense
Net Income
C
A
6
F7
Y
Incorrect
Please calculate this ratio again to proceed.
2022
$3,800
955
2,400
25
3.380
420
126
$294
&
7
2021
$3.460
8
890
2.330
2.0
3,240
220
W
F8
U
*
Calculate the 2021 Inventory Turnover ratio.
led to 2 decimal
in the example
X
Try Again
8
F9
prt sc
F10
(
9
10
Click the check mark to check your answers.
Fields with incorrect responses will be
removed so you can try again.
home
O
F11
le
0
11
er Ratio 2021
end
F12
1.88
P
2.09
insert
+ 11
{
[
Transcribed Image Text:ex F4 $ 4 O R Select the images below to enlarge. Balance Sheet 8 31 Current Assets F5 de in Murawski Company Balance Sheet December 31 % 5 tments. Current liabilitles Cash and cash Accounts receivi Property, plant, ander Intangibles and oth Long-term Stockholder's equity - Total liabilities and stockholde Prepaid Total curre Sales Revenue Murawski Company Income Statement For the Years Ended December 31 Income Statement costs and expenses T Cost of goods sold Selling and Administrative expenses interest expense Total costs and expenses income before income taxes F6 Incontve tax expense Net Income C A 6 F7 Y Incorrect Please calculate this ratio again to proceed. 2022 $3,800 955 2,400 25 3.380 420 126 $294 & 7 2021 $3.460 8 890 2.330 2.0 3,240 220 W F8 U * Calculate the 2021 Inventory Turnover ratio. led to 2 decimal in the example X Try Again 8 F9 prt sc F10 ( 9 10 Click the check mark to check your answers. Fields with incorrect responses will be removed so you can try again. home O F11 le 0 11 er Ratio 2021 end F12 1.88 P 2.09 insert + 11 { [
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