Profitability, Liquidity, and Solvency Ratios Shannon Corporation gathered the following information from its 2016 financial statements:

Net Sales	$185,000
Net Income	35,200
Cash provided by Operating Activities	35,000
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. (Round return on sales and debt-to-total assets ratios to one decimal point and round current ratio to two decimal points.)

Return on Sales Ratio	Answer %
Current Ratio	Answer
Debt-to Total Assets Ratio	Answer %
Free Cash Flow	$Answer

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