Unable to get the right equation from and experts alculationsSelect the images below to enlarge.Balance SheetMurawski CompanyBalance SheetDecember 31Current AssetsInvestmentsCash and cash equivalentsAccounts receivable (net)Property, plant, and equipmentIntangibles and other assetsTotal assetsCurrent liabilitiesInventoryPrepaid expensesTotal current assetsSales RevenueMurawski CompanyIncome StatementFor the Years Ended December 31$900Long-term liabilities410Stockholder's equity - common1.030Total liabilities and stockholder's equity $2,340Costs and expensesIncome StatementCost of goods soldSelling and Administrative expensesInterest expenseTotal costs and expenses2022Income before income taxes$3304704601201,380Income tax expenseNet Income10420530$2,3402022$3,8009552,400253.380420126$29492021$3604003.901601,31010380510$2,210$7903801,040$2,2102021$3,4608902,330203,24022066$154Calculate the 2021 Inventory Turnover ratio.Use whole numbers rounded to 2 decimalplaces, if needed, as seen in the examplebelow.1500··Example800||Inventory Turnover Ratio 20211.88Click the check mark to check your answers.Fields with incorrect responses will beremoved so you can try again.rC

INVENTORY TURNOVER RATIO Inventory Turnover Ratio is the Ratio Between Cost of Goods Sold &…

alculations Select the images below to enlarge. Balance Sheet Murawski Company Balance Sheet December 31 Current Assets Investments Cash and cash equivalents Accounts receivable (net) roperty, 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 Long-term liabilities Stockholder's equity - common 1.030 Total liabilities and stockholder's equity $2,340 Costs and expenses Cost of goods sold Selling and Administrative expenses Interest expense Total costs and expenses 2022 Income before income taxes Income Statement Income tax expense Net Income $330 $360 470 400 460 390 120 160 1,380 1,310 10 420 530 $2,340 $900 410 2022 $3,800 955 2,400 25 3,380 420 126 $294 2021 O 10 380 510 $2,210 $790 380 1,040 $2,210 2021 $3,460 890 2,330 20 3,240 220 66 $154 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 4 = 1.88 Inventory Turnover Ratio 2021 Click the check mark to check your answers. Fields with incorrect responses will be removed so you can try again. I