Problem

Profitability and Liquidty MeasuresDog Daze, Inc., has provided the following information...

Profitability and Liquidty Measures

Dog Daze, Inc., has provided the following information from its most current financial statements:

Total revenue

$60,000

Total expenses

45,000

Total current assets

16,000

Total current liabilities

4,000

Total stockholders' equity, January 1, 2011

37,000

Total stockholders' equity, December 31,2011

38,000

a. Compute the company's net income percentage in 2011.


b. Compute the company's return on equity in 2011."


c. Compute the company's current ratio at December 31,2011.

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