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33) The following information is available for Ward Company: Sales $189,400 Gross profit $56,400 Net income $25,800 Total current assets $32,400 Total current liabilities $34,400

33) The following information is available for Ward Company:

Sales $189,400

Gross profit $56,400

Net income $25,800

Total current assets $32,400

Total current liabilities $34,400

Total stockholders' equity, last year $192,000

Total stockholders' equity, current year $280,000

Required:

Compute the following ratios:

A) Current ratio

B) Gross profit rate

C) Return on sales

D) Return on stockholders' equity

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