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Compute the company return on equity in the current year

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Reference no: EM133171746

Question - Cat Fancy. Inc., has provided the following information from its most current financial statements.

Total revenue $150,000

Total expenses 96,000

Total current assets 38,400

Total current liabilities 9,600

Total stockholders' equity, previous year 88,800

Total stockholders' equity current year 91,200

Required -

a. Compute the company's net income percentage in the current year.

b. Compute the company's return on equity in the current year.

c. Compute the company's current ratio at December 31, current year.

Reference no: EM133171746

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