Because you own the common stock of Phantom Corporation, a paper manufacturer, you decide to analyze the firms performance for the most recent year. The following data are taken from the firms latest annual report:

For 2016, net sales amount to $11,280,000, net income is $575,000, and preferred stock dividends paid are $42,000. Required Calculate the following ratios for 2016.

Round answers to two decimal places.

Dec. 31, 2016 Dec. 31, 2015 $552.000 31 2000 4.788000 200,000 55,860,000 55,064,000 5700,000 Quick assets Inventory and prepaid expenses Other assets 372,000 Total Assets 5724,000 $ Current liabilities 1096 Bonds payable 8% Preferred stock, $100 par value Common stock, $10 par value Retained earnings Total Liabilities and Stockholders Equity $5,850,000 $564,000 1,440,000 1440,000 430,000 2,700,000 2.160,000 420,000 480.000 516,000 $5,064,000 For 2016, net sales amount to $11,280,000, net income is s575,000, and preferred stock dividends paid are $42,000 Required Calculate the following ratios for 2016 Round answers to two decimal places. 1. Return on sales 2. Return on assets 9.82 3. Return on common stockholders equity x 96 4. Quick ratio 5. Current ratio 6. Debt-to-equity ratio