Ratios Compared with Industry Averages Decause you own the common stock of Phantom Corporation, a paper manufacturer, you decide to analyze the firm's performance for the mast recent year. The following data are taken from the firm's latest annual report: Quick azsers Inventory and prepaid expentes Cther assets Dec. 31, 2016 Dec. 31, 2015 $700 000 5552 0oo 372000-31200 788,000 4.200.000 $5 860,00055.064 000 Toral Anrecs 724 000 56-4000 490 0001,440000 50 000480.00 2 390.000 2160000 $16:000 420000 $5860 00055 064000 common isROCR STO POr value Retained parning Total Liab lites and e Scocknoidess Eqjuity For 2015 net sales amount to $11,280.000, net income is $575s000 and preferred stock dividends paid are 542.000 Required Calculate the following rasios for 2016 Round answers to two decimal places. For 2016 net ales smeumtto $1 2a000 ne nceme is 373,00 nd refered tock diridends pald are 542000 Required Caculate the folowing ratios for 2016 Round arawers to two decimal places Return an sales 2. Return on assets Return on n an common stockhold 5 Gurrent ratio 1-48 &.Dabt-to-equity retio y rotio 039Y Check