Select the images below to enlarge.Balance SheetMurawski CompanyBalance SheetDecember 31Current AssetsInvestmentsCash and cash equivalentsAccounts receivable (net)InventoryPrepaid expensesTotal current assetsProperty, plant, and equipmentIntangibles and other assetsTotal assetsCurrent liabilitiesMurawski CompanyIncome StatementFor the Years Ended December 31Sales RevenueCosts and expensesCost of goods soldSelling and Administrative expensesInterest expenseTotal costs and expenses2022Income before income taxesIncome tax expenseNet Income4601201,380$330 $3604704003901601,31010420530$2,340Income Statement$900410Long-term liabilitiesStockholder's equity-common1,0301,040Total liabilities and stockholder's equity $2,340 $2,2102022$3,80020219552,400253,380420126$29410380510$2,210$7903802021$3,4608902,330203,24022066$154Calculate the 2021 Return on Assets ratio.Use whole numbers rounded to 2 decimalplaces, if needed, as seen in the examplebelow.1500154Example800·.1.=Return on Assets 2021=1.88Click the check mark to check your answers.Fields with incorrect responses will beremoved so you can try again.%

The return on assets is a type of financial ratios which tells about the ratio of profits earned…

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 $790 Long-term liabilities 380 Stockholder's equity-common 1,030 1,040 Total liabilities and stockholder's equity $2,340 $2,210 Income before income taxes Income Statement Income tax expense Net Income $330 $360 470 400 460 390 120 160 1,380 1,310 10 420 380 510 530 $2,340 $2,210 10 $900 410 2022 2021 $3,800 955 2,400 25 3,380 420 126 $294 2021 $3,460 890 2,330 20 3,240 220 66 $154 Calculate the 2021 Return on Assets ratio. Use whole numbers rounded to 2 decimal places, if needed, as seen in the example below. 1500 154 Example 800 Return on Assets 2021 .|. 11 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 $790 Long-term liabilities 380 Stockholder's equity-common 1,030 1,040 Total liabilities and stockholder's equity $2,340 $2,210 Income before income taxes Income Statement Income tax expense Net Income $330 $360 470 400 460 390 120 160 1,380 1,310 10 420 380 510 530 $2,340 $2,210 10 $900 410 2022 2021 $3,800 955 2,400 25 3,380 420 126 $294 2021 $3,460 890 2,330 20 3,240 220 66 $154 Calculate the 2021 Return on Assets ratio. Use whole numbers rounded to 2 decimal places, if needed, as seen in the example below. 1500 154 Example 800 Return on Assets 2021 .|. 11 1.88 Click the check mark to check your answers. Fields with incorrect responses will be removed so you can try again. %

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 4PB

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