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 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