Question
Mario Industries reported net sales revenue of $1,700,000 and paid no dividends during the current year. The following information is also available at the end
Mario Industries reported net sales revenue of $1,700,000 and paid no dividends during the current year. The following information is also available at the end of the current and prior years: Current Year Prior Year Total Current Assets $1,000,000 $ 900,000 Property, Plant, and Equipment, Net 1,700,000 1,400,000 Total Current Liabilities 450,000 390,000 Total Long-Term Liabilities 600,000 500,000 Common Stock, $5 Par 1,000,000 1,000,000 Paid-In Capital in Excess of Par 200,000 200,000 Retained Earnings 450,000 210,000 There was no preferred stock outstanding during the current year. Required: Part a) Calculate the return on equity for the current year. Part b) Calculate the debt-to-assets ratio for the current year. Part c) Calculate the fixed asset turnover ratio for the current year. Part d) Calculate the current ratio for the current year.
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