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The following information for SuperStar Company is provided:

The following information for SuperStar Company is provided:

Current Assets $215,000
Long-term assets 780,000
Current Liabilities 120,000
Long-term liabilities 330,000
Owners’ Equity 545,000
Sales for year 1,875,000
Net income for year 178,000
Average market price per share 90.00
Average number of shares outstanding 50,000

1. Compute the current ratio, debt ratio, return on sales, return on equity, asset turnover, and price-earnings ratio.
2. What do these ratios show for SuperStar Company?

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Current Assets
Long-term assets
Current Liabilities
Long-term liabilities
Owners’ Equity
Sales for year
Net income for year
Average market price per share
Average number of shares outstanding...

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