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: Dec. 31, Current Year Dec. 31, Prior Year $620,000 $572,000 392,000 332,000 4,788,000 4,176,000 $5,800,000 $5,080,000 $560,000 1,460,000 480,000 2,160,000 420,000 $5,080,000 Quick assets Inventory and prepaid expenses Other assets Total Assets Current liabilities 10% Bonds payable 8% Preferred stock, $100 par value Common stock, $10 par value Retained earnings Total Liabilities and Stockholders' Equity For the current year, net sales amount to $13,280,000, net income is $593,600, and preferred stock dividends paid are $40,400. Required Calculate the following ratios for the current year. Round answers to two decimal places. 1. Return on sales X% 4.5 2. Return on assets 11.9 x % 3. Return on common stockholders' equity 21.9 X % 4. Quick ratio 4.4 5. Current ratio 1.73 $644,000 1,460,000 480,000 2,700,000 516,000 $5,800,000 x 6. Debt-to-equity ratio X 1.34

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 the current year, net sales amount to $13,280,000, net income is $593,600, and preferred stock dividends paid are $40,400. Required Calculate the following ratios for the current year. Round answers to two decimal places. 1. Return on sales % 2. Return on assets is 3. Return on common stockholders' equity % 4. Quick ratio S. Current ratio x 6. Debte-equity ratio x 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 the current year, net sales amount to $13,280,000, net income is $593,600, and preferred stock dividends paid are $40,400. Required Calculate the following ratios for the current year. Round answers to two decimal places. 1. Return on sales % 2. Return on assets is 3. Return on common stockholders' equity % 4. Quick ratio S. Current ratio x 6. Debte-equity ratio x