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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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