Exercise $5\mathrm{.}10($Static$)$ Measuring and Evaluating Profitability and Liquidity $($LO$5-6)$

A recent balance sheet of Save$-$A$-$Lot Supplies is provided as follows:

SAVE$-$A$-$LOT SUPPLIES

Balance Sheet

December $31,$ current year

Assets

Cash $ $16,320$

Accounts receivable $17,280$

Office supplies $720$

Prepaid rent $4,080$

Equipment $ $28,800$

Accumulated depreciation: equipment $(11,520)$ $ $17,280$

Total assets $ $55,680$

Liabilities

Accounts payable $ $5,280$

Income taxes payable $4,320$

Total liabilities $ $9,600$

Stockholders' Equity

Capital stock $ $24,000$

Retained earnings $22,080$

Total stockholders' equity $ $46,080$

Total liabilities and stockholders' equity $ $55,680$

Other information provided by the company is as follows:

Total revenue for the year ended December $31,$ current year $ $61,200$

Total expenses for the year ended December $31,$ current year $45,900$

Total stockholders$$ equity, January $1,$ current year $35,520$

Compute the following measures:

Net income percentage in current year.

Return on equity in current year.

Note: Round your answer to $1$ decimal place $($i$.$e $\mathrm{.}1234$ should be entered as $12\mathrm{.}3).$

Working capital on December $31,$ current year.

Current ratio on December $31,$ current year.