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A recent blance sheet of Save-a- Lot STores is provided as follows: ASSETS Cash $16,320 Accounts Recivable $17,280 Office Supplies $720 Prepaid rent $4,080 Equipment

A recent blance sheet of Save-a- Lot STores is provided as follows:

ASSETS
Cash

$16,320

Accounts Recivable $17,280
Office Supplies $720
Prepaid rent $4,080
Equipment $28,800
Accumulated depreciation:equipment ($11,520) $17,280
Total assets $55,680
LIABILITIES
Accounts payable $5,280
Income taxes payabee $4,320
Total liablilties $9,600
Stockholder's equity
Capital Stock $24,000
Retained earnings

$22,080

Total Stockholders equity $46,080
total liabiblites and stockholder's equity $55,680

other information provided by the company is as follow is:

Total revenue for the year ended 12/31/current year $61, 200

Total expenses for the year ended 12/31/current year $45,900

Total stockholders equitye, January 1, current year $35,520

Compute and discuss briefly teh significance fo teh follwoing measures as they relate to Save- A-Lot Suppleis

a) net inclme percentage in current year

b) return on equity in current year

c) working capital on 12/31 current year

d) current ration on 12/31/ current year

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