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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 Answerimage text in transcribed

%
Answerimage text in transcribed

%
b. Current ratio Answerimage text in transcribed

Answerimage text in transcribed

c. Debt-to-total-assets ratio Answerimage text in transcribed

%
Answerimage text in transcribed

%

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