Quick assets Inventory and prepaid expenses Other assets Total Assets Current liabilities 10% Bonds payable 896 Preferred stock, $100 par value Common stock, $10 par value Retained earnings Total Liabilities and Stockholders' Equity Dec. 31, 2013 Dec. 31, 2012 $610,000 $562,000 382,000 322,000 4,788,000 4,176,000 $5,780,000 $5,060,000 $634,000 $550,000 1,450,000 1,450,000 480,000 480,000 2,700,000 2,160,000 516,000 420,000 $5,780,000 $5,060,000 For 2013, net sales amount to $12,280,000, net income is $583,600, and preferred stock dividends paid are $39,400. Required Calculate the following ratios for 2013. Round answers to two decimal places 1. Return on sales 4.75 % 2. Return on assets 10.53 * % 3. Return on common stockholders' equity 19.84 % % 4. Quick ratio 96.2 5. Current ratio 6. Debt-to-equity ratio