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

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

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