The Following Information Is Available for Ward Company Required:
Compute the Following Ratios:
A) Current Ratio
B)

Essay

The following information is available for Ward Company:
$\begin{array} { l } \text { Sales }&\$189,400\\\text { Gross profit } & \$ 56,400 \\\text { Net income } & \$ 25,800 \\\text { Total current assets } & \$ 32,400 \\\text { Total current liabilities } & \$ 34,400\\ \text { Total stockholders' equity, last year }&\$192,000\\ \text {Total stockholders' equity, current year }&\$280,000\\\end{array}$

Required:
Compute the following ratios:
A) Current ratio
B) Gross profit rate
C) Return on sales
D) Return on stockholders' equity