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Ratio Analysis The following balances were reported in the financial statements for Nafooz Company. 2013 2012 Net Sales $820,000 $720,000 Net Income 100,000 85,000 Current

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Ratio Analysis The following balances were reported in the financial statements for Nafooz Company. 2013 2012 Net Sales $820,000 $720,000 Net Income 100,000 85,000 Current Assets 220,000 195,000 Current Liabilities 100,000 120,000 Total Liabilities 270,000 245,000 Total Assets 770,000 620,000 Support Required Compute the following ratios for 2013 ani (Round answers to one decimal place.) 2013 a. Return on sales ratio % b. Current ratio c. Debt-to-total-assets ratio % 2. s for 2013 and 2012 for Nafooz Company. mal place.) 2012 % %

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