Ratios. Compared with Industry Averages Because you own the common stock of Phantom Corporation, a paper manufacturer, you decide to analyre the firm's performance for the most recent year. The following data are taken from the firms latest annual report: For 2013 , net sales amount to $14,280,000, net income is $604,400, and preferred stock dividends paid are 542.500. fequired Calculate the following ratios for 2013. Round answers to two decimal places