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Profitability, Liquidity, and Solvency Ratios Shannon Corporation gathered the following information from its financial statements: Net Sales $183,000 Net Income 25,200 Cash provided by Operating
Profitability, Liquidity, and Solvency Ratios Shannon Corporation gathered the following information from its financial statements: Net Sales $183,000 Net Income 25,200 Cash provided by Operating Activities 38,000 Expenditures on Property, Plant and Equipment 14,000 Current Assets 43,500 Current Liabilities 27,000 Total Assets 133,000 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 09 Current Ratio 0 Debt-to Total Assets Ratio 09 Free Cash Flow $ 0
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