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Ratios Compared with Industry Averages Because you own the common stock of Phantom Corporation, a...

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Ratios Compared with Industry Averages Because you own the common stock of Phantom Corporation, a paper manufacturer, you decide to analyze the firm's performance for the most recent year. The following data are taken from the firm's latest annual report: For 2013 , net sales amount to $14,280,000, net income is $604,400, and preferred stock dividends paid are $42,500. Required Calculate the following ratios for 2013. Round answers to two decimalplaces. 1. Return on sales

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