Ratios Compared with Industry Averages Because you owa the common stock of Phantom Corporation, a paper manufacturer. you decide to analyze the firm's performance for the most recent year. The following data are taken from the firm's latert annual ceport. For the currencyear, net seles amount to 313,280,000, net income is 5593,600 and preferred stock dividends paid are 140,400 Rectured Caiculate the following robios for the euctent yoor. Round answeis to twe decimal places 1. Returo an sates 2. Return on ossets 3 Airturnon common stocholders equify 4. Quickratio 3. Curcentratoc t. Dethte equity rave