Question
The following information is available for Guess Company: Sales$189,400 Gross profit$106,400 Net income$25,800 Total current assets$32,400 Total current liabilities$34,400 Total stockholders' equity, last year$19,200 Total
The following information is available for Guess Company:
Sales$189,400
Gross profit$106,400
Net income$25,800
Total current assets$32,400
Total current liabilities$34,400
Total stockholders' equity, last year$19,200
Total stockholders' equity, current year$26,800
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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Introduction To Accounting
Authors: Peter Scott
2nd Edition
0198849966, 978-0198849964
