Profitability, Liquidity, and Solvency Ratios Shannon Corporation gathered the following information from its 2016 financial statements:
| Net Sales |
$185,000 |
| Net Income |
35,200 |
| Cash provided by Operating Activities |
35,000 |
| Expenditures on Property, Plant and Equipment |
15,000 |
| Current Assets |
40,500 |
| Current Liabilities |
27,000 |
| Total Assets |
135,000 |
| Total Liabilities |
97,500 |
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.