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Cat Fancy, Inc., has provided the following information from its most current financial statements: Total revenue $ 125,000 Total expenses 80,000 Total current assets 32,000
Cat Fancy, Inc., has provided the following information from its most current financial statements: |
Total revenue | $ | 125,000 |
Total expenses | 80,000 | |
Total current assets | 32,000 | |
Total current liabilities | 8,000 | |
Total stockholders' equity, January 1, 2015 | 74,000 | |
Total stockholders' equity, December 31, 2015 | 76,000 | |
a. | Compute the companys net income percentage in 2015. |
Net income percentage ____% | |
b. | Compute the companys return on equity in 2015. |
Return on equity ____% | |
c. | Compute the companys current ratio at December 31, 2015. |
Current ratio ____ to ____. | |
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