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Net sales and net income for 2014 were $567,000 and $45,360 respectively. Dividends of $5,040 were declared for common stockhoiders and $7.560for preferred shareholders in

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Net sales and net income for 2014 were $567,000 and $45,360 respectively. Dividends of $5,040 were declared for common stockhoiders and \$7.560for preferred shareholders in 2014. Preferred stockholders' equity is equal to 10\% of total stockholders' equity. Compute the indicated ratios at December 31, 2014, or for the year ended December 31, 2014, as appropriate. (Round answers to 2 decimal places, e.g. 2.12.) Net sales and net income for 2014 were $567,000 and $45,360 respectively. Dividends of $5,040 were declared for common stockholders and $7,560 for preferred shareholders in 2014. Preferred stockholders' equity is equal to 10% of total stockholders' equity, Compute the indicated ratios at December 31,2014 , or for the year ended December 31, 2014, as appropriate, (Round aniswers to 2 decimal places, e.g. 2.12.)

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