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 Murawski Company Income Statement For the Years Ended December 31 Sales Revenue Costs and expenses Cost of goods sold Selling and Administrative expenses Interest expense Total costs and expenses 2022 Income before income taxes Income tax expense Net Income 460 120 1,380 $900 Long-term liabilities 410 Stockholder's equity-common 1,030 1,040 Total liabilities and stockholder's equity $2,340 $2,210 Income Statement $330 $360 470 400 390 160 1,310 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 2022 Profit Margin ratio. Use whole numbers rounded to 2 decimal places, if needed, as seen in the example below. 1500 Example 800 Profit Margin Ratio 2022 .I. = 1.88 Click the check mark to check your answers. Fields with incorrect responses will be removed so you can try again.
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 Murawski Company Income Statement For the Years Ended December 31 Sales Revenue Costs and expenses Cost of goods sold Selling and Administrative expenses Interest expense Total costs and expenses 2022 Income before income taxes Income tax expense Net Income 460 120 1,380 $900 Long-term liabilities 410 Stockholder's equity-common 1,030 1,040 Total liabilities and stockholder's equity $2,340 $2,210 Income Statement $330 $360 470 400 390 160 1,310 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 2022 Profit Margin ratio. Use whole numbers rounded to 2 decimal places, if needed, as seen in the example below. 1500 Example 800 Profit Margin Ratio 2022 .I. = 1.88 Click the check mark to check your answers. Fields with incorrect responses will be removed so you can try again.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question

Transcribed Image Text: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
Murawski Company
Income Statement
For the Years Ended December 31
Sales Revenue
Costs and expenses
Cost of goods sold
Selling and Administrative expenses
Interest expense
Total costs and expenses
2022
Income before income taxes
Income tax expense
Net Income
$330
470
460
120
1,380
Income Statement
10
420
530
$2,340
$900
Long-term liabilities
410
Stockholder's equity - common 1,030
1,040
Total liabilities and stockholder's equity $2,340 $2,210
2022
$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
Calculate the 2022 Profit Margin ratio.
Use whole numbers rounded to 2 decimal
places, if needed, as seen in the example
below.
1500
Example
800
Profit Margin Ratio 2022
=
1.88
Click the check mark to check your answers.
Fields with incorrect responses will be
removed so you can try again.
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