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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
How can I write out this equation
![Ratio Calculations
O
0
F5
%
5
Select the images below to enlarge.
Balance Sheet
Murawski Company
Balance Sheet
December 31
Current Assets
Investments
T
Cash and cash equivalents
Accounts receivable (net)
Current liabilities
Property, plant, and equipment
Intangibles and other assets
Total assets
Sales Revenue
Inventory
Prepaid expenses
Total current assets
Murawski Company
Income Statement
For the Years Ended December 31
$900
410
Long-term liabilities
Stockholder's equamcommon
1.030
Total liabilities and stockholer's equity $2.340
Costs and expenses
Cost of goods sold
Selling and Administrative expenses
Interest expense
Total costs and expenses
F6
Income before income taxes
A
6
Income Statement
Income tax expense
Net Income
Y
F7
2022
&
$330
470
460
120
1,380
7
10
420
530
$2.340
2022
$3,800
955
2,400
25
3,380
420
126
$294
8
2021
U
$360
Mila
400
390
160
1,310
10
380
510
$2,210
F8
$790
380
1,040
$2,210
2021
$3,460
890
2,330
20
3,240
220
66
$154
W
*
8
F9
Calculate the 2021 Inventory Turnover ratio.
Use whole numbers rounded to 2 decimal
places, if needed, as seen in the example
below.
prt sc
1500 7
(
9
F10
O
-1.
=
Inventory Turnover Ratio 2021
Click the check mark to check your answers.
Fields with incorrect responses will be
removed so you can try again.
home
<
F11
Example
800
0
end
P
= 1.88
F12
-
=
insert
{
1
+ 11
=
10:33 PM
12/19/2022
delete
}
G
backspace
]
D](https://content.bartleby.com/qna-images/question/d525ec05-0c3c-44f8-bda2-c2b8211d10ad/3d84af2c-eb22-45c4-885d-b4fabe4165c7/njkli69_thumbnail.jpeg)
Transcribed Image Text:Ratio Calculations
O
0
F5
%
5
Select the images below to enlarge.
Balance Sheet
Murawski Company
Balance Sheet
December 31
Current Assets
Investments
T
Cash and cash equivalents
Accounts receivable (net)
Current liabilities
Property, plant, and equipment
Intangibles and other assets
Total assets
Sales Revenue
Inventory
Prepaid expenses
Total current assets
Murawski Company
Income Statement
For the Years Ended December 31
$900
410
Long-term liabilities
Stockholder's equamcommon
1.030
Total liabilities and stockholer's equity $2.340
Costs and expenses
Cost of goods sold
Selling and Administrative expenses
Interest expense
Total costs and expenses
F6
Income before income taxes
A
6
Income Statement
Income tax expense
Net Income
Y
F7
2022
&
$330
470
460
120
1,380
7
10
420
530
$2.340
2022
$3,800
955
2,400
25
3,380
420
126
$294
8
2021
U
$360
Mila
400
390
160
1,310
10
380
510
$2,210
F8
$790
380
1,040
$2,210
2021
$3,460
890
2,330
20
3,240
220
66
$154
W
*
8
F9
Calculate the 2021 Inventory Turnover ratio.
Use whole numbers rounded to 2 decimal
places, if needed, as seen in the example
below.
prt sc
1500 7
(
9
F10
O
-1.
=
Inventory Turnover Ratio 2021
Click the check mark to check your answers.
Fields with incorrect responses will be
removed so you can try again.
home
<
F11
Example
800
0
end
P
= 1.88
F12
-
=
insert
{
1
+ 11
=
10:33 PM
12/19/2022
delete
}
G
backspace
]
D
Expert Solution
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