Ratios Compared with Industry Averages Because you own the common stock of Phantom Corporation, a paper manufacturer, you decide to analyze the firm's performance for the most recent year. The following data are taken from the firm's latest annual report: For 2013 , net sales amount to $14,280,000, net income is 5604,400 , and preferred stock dividends paid are 542,500. Required Calculate the following ratios for 2013 . Round answers to two decimal places. 1. Return on sales 2. Return on assets 3. Return on common stockholders equity 4. Quick ratio 5. Current ratio 6. Debt-to-equity ratio