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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