The last equation was incorrect that came from expert. Still need help with this question niculaSelect the images below to enlarge.Balance SheetCurrent Assets20InvestmentsO EMurawski CompanyBalance SheetDecember 3181%5Current liabilitiesCash and cash equivalentsAccounts receivable (net)Property, plant, and equipmentIntangibles and other assetsTotal assetsInventoryPrepaid expensesTotal current assetsLong-term liabilitiesStockholder's equity - commonTotal liabilities and stockholder's equitySales RevenueMurawski CompanyIncome StatementFor the Years Ended December 31Costs and expensesIncome StatementCost of goods soldSelling and Administrative expensesInterest expenseTotal costs and expensesIncome before income taxesF62022CA6Income tax expenseNet Income$330 $3604004704603901201601,3801,31010420530$2.340$9004101.030$2,34020222021$3,800&79552,400253,380420126$29410380510$2,2109$7903801,040$2,2102021$3,460G8902,330203,24022066$154*8Calculate the 2022 Profit Margin ratio.Use whole numbers rounded to 2 decimalplaces, if needed, as seen in the examplebelow.1500prt sc·/.9Example800Profit Margin Ratio 2022Click the check mark to check your answers.Fields with incorrect responses will beremoved so you can try again.home^1.88end+ 1112delete

The profit margin ratio is calculated as the net profit divided by the sales revenue. The profit…

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 2022 $330 470 460 Corts and expenses 120 1,380 10 420 530 $2,340 Income Statement $900 410 2021 Long-term liabilities Stockholder's equity-common 1,030 1,040 Total liabilities and stockholder's equity $2,340 $2,210 2022 $360 400 390 160 1,310 $3,800 10 380 510 $2,210 $790 380 2021 $3,460 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

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 2022 $330 470 460 Corts and expenses 120 1,380 10 420 530 $2,340 Income Statement $900 410 2021 Long-term liabilities Stockholder's equity-common 1,030 1,040 Total liabilities and stockholder's equity $2,340 $2,210 2022 $360 400 390 160 1,310 $3,800 10 380 510 $2,210 $790 380 2021 $3,460 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

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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