Calculate the return on sales ratio and current ratio

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Shannon Corporation gathered the following information from its financial statements:

Net Sales       $187,000

Net Income  25,200

Cash provided by Operating Activities  42,000

Expenditures on Property, Plant and Equipment 14,000

Current Assets  47,500

Current Liabilities  27,000

Total Assets  137,000

Total Liabilities 97,500

Problem 1: Using the above data, calculate the following (1) return on sales ratio, (2) current ratio, (3) debt-to-total-assets ratio, and (4) free cash flow. (Round return on sales and debt-to-total assets ratios to one decimal point and round current ratio to two decimal points.)

Reference no: EM132665673

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