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Compute the current ratio and return on sales ratios

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Reference no: EM132010825

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

Reference no: EM132010825

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