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The following information is available for Guess Company: Sales$189,400 Gross profit$106,400 Net income$25,800...

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Question

Accounting

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

Answer & Explanation Solved by verified expert
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