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Assessing a Firm's Profitability, Liquidity and Solvency Presented below is financial data for the Miller Company as of year-end 2012 and 2013: 2012 2013 Current
Assessing a Firm's Profitability, Liquidity and Solvency Presented below is financial data for the Miller Company as of year-end 2012 and 2013: 2012 2013 Current Assets $70,000 $170,000 Total Assets 240,000 400,000 Current Liabilities 58,000 140,000 Total Liabilities 144,000 224,000 Net Sales 324,000 434,000 Net Income 75,000 110,400 Required Calculate Miller's current ratio, debt-to-total-assets ratio, and return on sales ratio. 2012 2013 Current ratio Debt-to-total assets ratio % Round to two decimal points. % Round to one decimal point. % Round to one decimal point. Return on sales ratio %
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