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Ratio Analysis The following balances were reported in the financial statements for Nafooz Company. 2016 2015 Net Sales $1,000,000 $750,000 Net Income 150,000 80,000 Current
Ratio Analysis The following balances were reported in the financial statements for Nafooz Company.
2016 | 2015 | ||
---|---|---|---|
Net Sales | $1,000,000 | $750,000 | |
Net Income | 150,000 | 80,000 | |
Current Assets | 220,000 | 180,000 | |
Current Liabilities | 80,000 | 90,000 | |
Total Liabilities | 300,000 | 250,000 | |
Total Assets | 800,000 | 600,000 |
Required Compute the following ratios for 2016 and 2015 for Nafooz Company.
(Round answers to one decimal place.)
2016 | 2015 | ||
---|---|---|---|
a. Return on sales ratio | Answer % | Answer % | |
b. Current ratio | Answer
| Answer
| |
c. Debt-to-total-assets ratio | Answer % | Answer % |
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