Business Course Return to course Kaitos compared witstry 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 fir Dec 31, 2020 Dec. 31, 2019 Quick assets 5690,000 3543,000 Inventory and prepaid expenses 422.000 362,000 Other stets 4828,000 4.250,000 Total Assets 55 940,000 3154000 Current oblities -5774000 5614 000 to Bonds payable 1,490,000 1490,000 Preferred stock 5100 par value 480,000 480,000 Common stock, 310 par value 2,700,000 2:160,000 Retained rings 496,000 410,000 Total Labilities and Stockholders Equity $5.940,000 $5,154,000 For 2020, net sales amount to $11.320,000, net income is $565,000, and preferred stock dividends paid are $42.000 Calculate the following ratios for 2020: 1. Profit margin Round answer to one decimal place (ex 0.144555 = 14.596). 0 2. Return on assets Round answer to one decimal place (ex 0.744555 = 14.596) 0 3. Return on common stockholders equity Round answer to one decimal place lex 0.144555 = 14.5%) 0 4. Quick ratio Round answer to two decimal places (ex 1.34543 = 1.35). (. 0 0 5. Current ratio Round answer to two decimal places (ex 1.34543 = 1.35), 6. Debt-to-equity ratio Round answer to two decimal places (ex 1.34543 = 1.35), 0 Check