How can I write out this equation Ratio CalculationsO0F5%5Select the images below to enlarge.Balance SheetMurawski CompanyBalance SheetDecember 31Current AssetsInvestmentsTCash and cash equivalentsAccounts receivable (net)Current liabilitiesProperty, plant, and equipmentIntangibles and other assetsTotal assetsSales RevenueInventoryPrepaid expensesTotal current assetsMurawski CompanyIncome StatementFor the Years Ended December 31$900410Long-term liabilitiesStockholder's equamcommon1.030Total liabilities and stockholer's equity $2.340Costs and expensesCost of goods soldSelling and Administrative expensesInterest expenseTotal costs and expensesF6Income before income taxesA6Income StatementIncome tax expenseNet IncomeYF72022&$3304704601201,380710420530$2.3402022$3,8009552,400253,380420126$29482021U$360Mila4003901601,31010380510$2,210F8$7903801,040$2,2102021$3,4608902,330203,24022066$154W*8F9Calculate the 2021 Inventory Turnover ratio.Use whole numbers rounded to 2 decimalplaces, if needed, as seen in the examplebelow.prt sc1500 7(9F10O-1.=Inventory Turnover Ratio 2021Click the check mark to check your answers.Fields with incorrect responses will beremoved so you can try again.home<F11Example8000endP= 1.88F12-=insert{1+ 11=10:33 PM12/19/2022delete}Gbackspace]D

The ratio analysis helps to analyse the financial statements of the business on the basis of various…

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 $900 Long-term liabilities 410 Stockholder's equid common 1.030 Total liabilities and stockhoher's equity $2.340 Costs and expenses Cost of goods sold Selling and Administrative expenses $330 $360 470 400 460 390 160 1,310 120 1.380 10 420 530 $2.340 Income Statement 2022 $3,800 2021 955 2,400 10 380 510 $2,210 $790 380 1.040 $2.210 2021 $3,460 890 2,330 Calculate the 2021 Inventory Turnover ratio. Use whole numbers rounded to 2 decimal places, if needed, as seen in the example below. 1500 = Example 800 Inventory Turnover Ratio 2021 = = 1.88