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Ratio Analysis The following balances were reported in the financial statements for Nafooz Company. 2013 2012 Net Sales $810,000 $710,000 Net Income 90,000 75,000 Current

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Ratio Analysis The following balances were reported in the financial statements for Nafooz Company. 2013 2012 Net Sales $810,000 $710,000 Net Income 90,000 75,000 Current Assets 210,000 185,000 Current Liabilities 90,000 110,000 Total Liabilities 260,000 235,000 Total Assets 760,000 610,000 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 0 % 0% b. Current ratio 0 c. Debt-to-total-assets ratio 0 % 0 % 0

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