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Ratio Analysis The following balances were reported in the financial statements for Nafooz Company. 2013 2012 Net Sales $800,000 $700,000 Net Income 80,000 65,000 Current

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Ratio Analysis The following balances were reported in the financial statements for Nafooz Company. 2013 2012 Net Sales $800,000 $700,000 Net Income 80,000 65,000 Current Assets 200,000 175,000 Current Liabilities 80,000 100,000 Total Liabilities 250,000 225,000 Total Assets 750,000 600,000 Required Compute the following ratios for 2013 and 2012 for Nafooz Company (Round answers to one decimal place.) 2013 2012 a. Return on sales ratio 96 96 b. Current ratio c. Debt-to-total-assets ratio 96

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