Ratios Compared with Industry Averages Because you own the common stock of Phantom Corporation, a paper manufacturer, you decide to analyze the firms performance for the most recent year. The following data are taken from the firms latest annual report: Dec. 31, Current Year Dec. 31, Prior Year Quick assets $700,000 $552,000 Inventory and prepaid expenses 372,000 312,000 Other assets 4,788,000 4,200,000 Total Assets $5,860,000 $5,064,000 Current liabilities $724,000 $564,000 10% Bonds payable 1,440,000 1