A recent balance sheet of Save-A-Lot Supplies is provided below: Other information provided by the company is

Question:

A recent balance sheet of Save-A-Lot Supplies is provided below:

A recent balance sheet of Save-A-Lot Supplies is provided below:
Other

Other information provided by the company is as follows:
Total revenue for the year ended December 31, 2015 . . . . . . . . . . . . . . . . . . . . . . . $51,000
Total expenses for the year ended December 31, 2015 . . . . . . . . . . . . . . . . . . . . . . . 38,250
Total stockholders' equity, January 1, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29,600
Compute and discuss briefly the significance of the following measures as they relate to Save- A-Lot Supplies:
a. Net income percentage in 2015.
b. Return on equity in 2015.
c. Working capital on December 31, 2015.
d. Current ratio on December 31, 2015.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial and Managerial Accounting the basis for business decisions

ISBN: 978-0078025778

17th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

Question Posted: