Carson Inc.reported net sales revenue of $850,000 and paid no dividends during the current year.The following information is also available at the end of the current and prior years:
There was no preferred stock outstanding during the current year.
Required:
Part a.Calculate the return on equity for the current year.
Part b.Calculate the debt-to-assets ratio for the current year.
Part c.Calculate the fixed asset turnover ratio for the current year.
Part d.Calculate the current ratio for the current year.
Round all ratios to two decimal points.
Definitions:
Second-Generation Antipsychotic
A class of medication primarily used to treat psychosis, including schizophrenia, marked by fewer extrapyramidal side effects than first-generation antipsychotics.
Clozapine
An antipsychotic medication used in the treatment of schizophrenia, particularly effective in patients resistant to other treatments.
Second-Generation Antipsychotic
A class of medication used to treat psychiatric conditions, characterized by fewer side effects compared to first-generation antipsychotics.
Schizophrenia
A persistent and intense mental illness marked by altered cognition, perception, feelings, speech, self-awareness, and actions.
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