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Ratio Analysis The following balances were reported in the financial statements for Nafooz Company. Current Year Prior Year $830,000 $730,000 110,000 95,000 230,000 205,000 110,000
Ratio Analysis The following balances were reported in the financial statements for Nafooz Company. Current Year Prior Year $830,000 $730,000 110,000 95,000 230,000 205,000 110,000 130,000 280,000 255,000 780,000 630,000 Net Sales Net Income Current Assets Current Liabilities Total Liabilities Total Assets Required Compute the following ratios for the current and the prior years for Nafooz Company. (Round answers to one decimal place.) a. Return on sales ratio b. Current ratio c. Debt-to-total-assets ratio Current Year Prior Year 0% 0% 0 0% 0 0%
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