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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
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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nicula Select the images below to enlarge. Balance Sheet Current Assets 20 Investments O E Murawski Company Balance Sheet December 31 81 % 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 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 Income Statement Cost of goods sold Selling and Administrative expenses Interest expense Total costs and expenses Income before income taxes F6 2022 C A 6 Income tax expense Net Income $330 $360 400 470 460 390 120 160 1,380 1,310 10 420 530 $2.340 $900 410 1.030 $2,340 2022 2021 $3,800 & 7 955 2,400 25 3,380 420 126 $294 10 380 510 $2,210 9 $790 380 1,040 $2,210 2021 $3,460 G 890 2,330 20 3,240 220 66 $154 * 8 Calculate the 2022 Profit Margin ratio. Use whole numbers rounded to 2 decimal places, if needed, as seen in the example below. 1500 prt sc ·/. 9 Example 800 Profit Margin Ratio 2022 Click the check mark to check your answers. Fields with incorrect responses will be removed so you can try again. home ^ 1.88 end + 11 12 delete
Transcribed Image Text:nicula Select the images below to enlarge. Balance Sheet Current Assets 20 Investments O E Murawski Company Balance Sheet December 31 81 % 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 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 Income Statement Cost of goods sold Selling and Administrative expenses Interest expense Total costs and expenses Income before income taxes F6 2022 C A 6 Income tax expense Net Income $330 $360 400 470 460 390 120 160 1,380 1,310 10 420 530 $2.340 $900 410 1.030 $2,340 2022 2021 $3,800 & 7 955 2,400 25 3,380 420 126 $294 10 380 510 $2,210 9 $790 380 1,040 $2,210 2021 $3,460 G 890 2,330 20 3,240 220 66 $154 * 8 Calculate the 2022 Profit Margin ratio. Use whole numbers rounded to 2 decimal places, if needed, as seen in the example below. 1500 prt sc ·/. 9 Example 800 Profit Margin Ratio 2022 Click the check mark to check your answers. Fields with incorrect responses will be removed so you can try again. home ^ 1.88 end + 11 12 delete
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