This problem continues the Daniels Consulting situation from Problem P16-46 of Chapter 16. Assuming Daniels Consulting’s net income for the year was $90,537 and knowing that the current market price of Daniels’s stock is $200 per share, calculate the following ratios for 2017 for the company:
a. Current ratio
b. Cash ratio
c. Debt ratio
d. Debt to equity ratio
e. Earnings per share
f. Price/earnings ratio
g. Rate of return on common stockholders’ equity
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