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Shannon Corporation gathered the following information from its financial statements: Net sales $405,000 Net income 63,000 Current assets 101,250 Current liabilities 60,750 Total assets 292,500
Shannon Corporation gathered the following information from its financial statements: Net sales $405,000 Net income 63,000 Current assets 101,250 Current liabilities 60,750 Total assets 292,500 Total liabilities 219,375 Using the above data, calculate the following: (1) profit margin, (2) current ratio, (3) debt-to-total assets ratio, and (4) return on assets ratio. Note: Round answers to one decimal place. Profit margin Answer Current ratio Answer Debt-to-total assets ratio Answer Return on assets ratio
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