Profitability

E4-5A. Profitability, Liquidity, and Solvency Ratios Shannon Corporation gathered the following informa- tion from its 2016 financial statements: Net sales... Net income. $185,000 35,200 35,000 Cash provided by operating activities. Expenditures on property, plant, and equipment.. 15,000 Current assets.. 40,500 Current liabilities.... 27,000 Total assets 135,000 Total liabilities.. 97,500 Using the above data, calculate the following: (1) return on sales ratio, (2) current ratio, (3) debt-to- total-assets ratio, and (4) free cash flow. LO3, 4, 6