Number 8 Ratios Compared with Industry Averages

Round all Ratios to 2 Decimal places

Return on sales

Return on Assets

Return on common stockholders equity

Quick Ratio

Current Ratio

Debt to equity ratio

eBook Print O Videos Question 8 Not complete Marked out no PRag questions Ratios Compared with Industry 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 firm's latest annual report Dec. 31, 2013 Dec. 31, 2012 Quick assets $620000 $572.000- Iventory and prepaid expenses 392000 332.000 Other assets 4788000 4,176.000 Total Assets $5,760,000 55.040,000 Current liabilities $644000 5560,000 10% Bonds payable 1460,000 1460,000 8M Preferred stock, $100 par value 480,000 480.000 Common stock $10 par value 2,700.000 2.160.000 Retained earnings 516.000 420.000 Total Liabilities and Stockholders Equity $5040,000 $5760,000 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 11 PM 192019 Type here to search