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Profitability, Liquidity, and Solvency Ratios Shannon Corporation gathered the following information from its financial statements: Net sales Net income Current assets $378,000 65,520 105,300 56,700
Profitability, Liquidity, and Solvency Ratios Shannon Corporation gathered the following information from its financial statements: Net sales Net income Current assets $378,000 65,520 105,300 56,700 273,000 204,750 Current liabilities Total assets Total liabilities Using the above data, calculate the following: (1) profit margin, (2) current ratio, (3) debt-to-total assets ratio, and (4) return on assets ratio. Note: Round answers to one decimal place. % Profit margin Current ratio Debt-to-total assets ratio % Return on assets ratio %
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