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tions 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 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 Cost of goods sold Selling and Administrative expenses Interest expense Total costs and expenses Income before income taxes 2022 Income Statement Income tax expense Net Income $330 470 460 120 1,380 10 420 530 $2,340 2022 $900 410 1,030 1,040 $2,340 $2,210 $3,800 955 2,400 25 3,380 2021 420 126 $294 $360 400 390 160 1,310 10 380 510 $2,210 $790 380 2021 $3,460 890 2,330 20 3,240 220 66 $154 Academic Resources Calculate the 2021 Inventory Turnover ratio. Use whole numbers rounded to 2 decimal places, if needed, as seen in the example below. 1500 HCS/380: Week 4-Horizontal and Example 800 ·.1. Inventory Turnover Ratio 2021 1.88 Click the check mark to check your answers. Fields with incorrect responses will be removed so you can try again.

tions 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 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 Cost of goods sold Selling and Administrative expenses Interest expense Total costs and expenses Income before income taxes 2022 Income Statement Income tax expense Net Income $330 470 460 120 1,380 10 420 530 $2,340 2022 $900 410 1,030 1,040 $2,340 $2,210 $3,800 955 2,400 25 3,380 2021 420 126 $294 $360 400 390 160 1,310 10 380 510 $2,210 $790 380 2021 $3,460 890 2,330 20 3,240 220 66 $154 Academic Resources Calculate the 2021 Inventory Turnover ratio. Use whole numbers rounded to 2 decimal places, if needed, as seen in the example below. 1500 HCS/380: Week 4-Horizontal and Example 800 ·.1. Inventory Turnover Ratio 2021 1.88 Click the check mark to check your answers. Fields with incorrect responses will be removed so you can try again.

College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter24: Analysis Of Financial Statements
Section: Chapter Questions
Problem 1MP
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=HCS/380 Ratio Calculations 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 Costs and expenses Long-term liabilities Stockholder's equity - common 1,030 Total liabilities and stockholder's equity $2,340 Cost of goods sold Selling and Administrative expenses Interest expense Total costs and expenses 2022 Income Statement Income before income taxes Income tax expense Net Income $330 470 460 120 1,380 10 420 530 $2,340 $900 410 2022 $3,800 955 2,400 25 3,380 420 126 $294 2021 $360 400 390 160 1,310 10 380 510 $2,210 $790 380 1,040 $2,210 2021 $3,460 890 2,330 20 3,240 220 66 $154 - Academic Resources Calculate the 2021 Inventory Turnover ratio. Use whole numbers rounded to 2 decimal places, if needed, as seen in the example below. 1500 HCS/380: Week 4 - Horizontal and Vertical Analysis - Academie Example 800 = Inventory Turnover Ratio 2021 1.88 Click the check mark to check your answers. Fields with incorrect responses will be removed so you can try again.
Transcribed Image Text:=HCS/380 Ratio Calculations 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 Costs and expenses Long-term liabilities Stockholder's equity - common 1,030 Total liabilities and stockholder's equity $2,340 Cost of goods sold Selling and Administrative expenses Interest expense Total costs and expenses 2022 Income Statement Income before income taxes Income tax expense Net Income $330 470 460 120 1,380 10 420 530 $2,340 $900 410 2022 $3,800 955 2,400 25 3,380 420 126 $294 2021 $360 400 390 160 1,310 10 380 510 $2,210 $790 380 1,040 $2,210 2021 $3,460 890 2,330 20 3,240 220 66 $154 - Academic Resources Calculate the 2021 Inventory Turnover ratio. Use whole numbers rounded to 2 decimal places, if needed, as seen in the example below. 1500 HCS/380: Week 4 - Horizontal and Vertical Analysis - Academie Example 800 = Inventory Turnover Ratio 2021 1.88 Click the check mark to check your answers. Fields with incorrect responses will be removed so you can try again.
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Inventory Turnover ratio is one of the efficiency ratio being used in business. This shows how many times inventory is sold in that particular period. 

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