Need corrects and explainations

O Videos A Print eBook Question 8 Partially correct Mark 2.50 out of 5.00 P Rag questions Ratios Compared with Industry Averages Because you own the common stock of Phantom taken from the firm's latest annual report: Corporation,a paper manufacturer, you decide to analyze the firm's performance for the most recent year. The following data are Dec. 31, 2013 Dec. 31, 2012 $620,000- $572,000 Quick assets 332.000 392,000 Inventory and prepaid expenses 4,788.000 4.176.000 Other assets $5040.000 $5,760,000 Total Assets $560,000 $644,000 Current lablities 1,460,000 1460.000 10% Bonds payable 480,000 8% Preferred stock, $100 par value 480,000 2.700.000 2.160.000 Common stock $10 par value 516.000 420,000 Retained earnings $5.040,000 55.760.000 Total Liablities and Stockholders' Equity For 2013, 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 2013. Round answers to two decimal places. 259 Pt FBusings A Return to course Round answers to two decimal places. 1. Return on sales 0.04 2. Return on assets 0.11 6X 3. Return on common stockholders' equity 0.08 4. Quick ratio 0.96 5. Current ratio 1.57 6. Debt-to-equity ratio Type here to search