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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) Inventory Prepaid expenses Total current assets Property, plant, and equipment Intangibles and other assets Total assets Current liabilities Long-term liabilities Stockholder's equity - common Total liabilities and stockholder's equity 2022 Murawski Company Income Statement For the Years Ended December 31 $330 $360 470 400 460 390 120 160 1,380 1,310 10 420 530 $2,340 Income Statement 2021 $900 $790 410 380 1,030 1,040 $2,340 $2,210 2022 10 380 510 $2,210 2021 Calculate the 2022 Current Ratio. Use whole numbers rounded to 2 decimal places, if needed, as seen in the example below. 1500 Example 800 Current Ratio 2022 ÷ ÷ = 1.88

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) Inventory Prepaid expenses Total current assets Property, plant, and equipment Intangibles and other assets Total assets Current liabilities Long-term liabilities Stockholder's equity - common Total liabilities and stockholder's equity 2022 Murawski Company Income Statement For the Years Ended December 31 $330 $360 470 400 460 390 120 160 1,380 1,310 10 420 530 $2,340 Income Statement 2021 $900 $790 410 380 1,030 1,040 $2,340 $2,210 2022 10 380 510 $2,210 2021 Calculate the 2022 Current Ratio. Use whole numbers rounded to 2 decimal places, if needed, as seen in the example below. 1500 Example 800 Current Ratio 2022 ÷ ÷ = 1.88

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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49 5/380 Ratio Calculations 0. O 100 Select the images below to enlarge. Balance Sheet F5 Current Assets Murawski Company Balance Sheet December 31 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 Murawski Company Income Statement For the Years Ended December 31 Sales Revenue Long-term liabilities Stockholder's equity - common Total liabilities and stockholder's equity Income Statement Costs and expenses Cost of goods sold Selling and Administrative expenses Interest expense Total costs and expenses Income before income taxes F6 Income tax expense Net Income 2022 F7 $330 $360 400 470 460 120 390 160 1,380 1,310 10 10 420 380 530 510 $2,340 $2,210 $900 410 2022 1,040 1,030 $2.340 $2,210 $3,800 2021 955 2,400 25 3,380 420 126 $294 & $790 380 1 2021 $3,460 890 2,330 20 3,240 8 220 66 $154 W F8 Calculate the 2022 Current Ratio. Use whole numbers rounded to 2 decimal places, if needed, as seen in the example below. 8 1500 F9 prt sc = Current Ratio 2022 F10 9 ·1· Example 800 = Click the check mark to check your answers. Fields with incorrect responses will be removed so you can try again. W home + F11 1.88 end (4) F12 insert
Transcribed Image Text:49 5/380 Ratio Calculations 0. O 100 Select the images below to enlarge. Balance Sheet F5 Current Assets Murawski Company Balance Sheet December 31 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 Murawski Company Income Statement For the Years Ended December 31 Sales Revenue Long-term liabilities Stockholder's equity - common Total liabilities and stockholder's equity Income Statement Costs and expenses Cost of goods sold Selling and Administrative expenses Interest expense Total costs and expenses Income before income taxes F6 Income tax expense Net Income 2022 F7 $330 $360 400 470 460 120 390 160 1,380 1,310 10 10 420 380 530 510 $2,340 $2,210 $900 410 2022 1,040 1,030 $2.340 $2,210 $3,800 2021 955 2,400 25 3,380 420 126 $294 & $790 380 1 2021 $3,460 890 2,330 20 3,240 8 220 66 $154 W F8 Calculate the 2022 Current Ratio. Use whole numbers rounded to 2 decimal places, if needed, as seen in the example below. 8 1500 F9 prt sc = Current Ratio 2022 F10 9 ·1· Example 800 = Click the check mark to check your answers. Fields with incorrect responses will be removed so you can try again. W home + F11 1.88 end (4) F12 insert
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