P13-8A. Part a

Complict ared with Industry Averages Because you own the common stock of Phanto a paper manufacturer, you decide to analyze the firm's performance for the most following data are taken from the firm's latest annual report: ios Compared tom Cor- recent ra The year Dec. 31, 2016 Dec. 31, 2015 $ 700,000 552,000 312,000 4,200,000 and prepaid expenses 372,000 1096 Bonds payable 8% Preferred stock, $100 par value. . . . . . $ 724,000 564,000 1,440,000 1,440,000 480,000 516,000 $5,860,000 480,000 2,160,000 420,000 $5,064,000 . . . . . . . . . . . . . . . . . . . . Retained earnings Total Liabilities and Stockholders' Equity . . . . . . . . For 2016, net sales amount to $11,280,000, net income is $575,000, and preferred stock dividends paid are $42,000. Required a. Calculate the following ratios for 2016: Return on sales Return on assets Return on common stockholders' equity Quick ratio Current ratio Debt-to-equity ratio 1. 2. 3. 4. 5. 6