Canadian Bacon Inc. financial statements are presented in the table below. Based on the information in the table, caluclate the firm’s the…

Canadian Bacon Inc. financial statements are presented in the table below.
Based on the information in the table,
caluclate the firm’s the net-working capital – to-sales ratio.
Round the answers to two decimal places in percentage form. (Write the percentage sign)
Balance Sheet December 31, 2011
Cash and marketable securities$143,000Accounts payable $278,000
Accounts receivable$354,000Notes payable$87,000
Inventories$672,000Accrued expenses$65,000
Prepaid expenses$12,500Total current liabilities$430,000
Total current assets$1,181,500Long-term debt$284,000
Gross fixed assets$1,675,000Par value and paid-in-capital$228,000
Less: accumulated depreciation$500,000Retained Earnings$1,414,500
Net fixed assets $1,175,000Common Equity1,642,500
Total assets$2,356,500Total liabilities and owner’s equity$2,356,500
Income Statement Year of 2011
Net sales (all credit)$3,136,600.00
Less: Cost of goods sold$2,195,620.00
Selling and administrative expenses$345,000.00
Depreciation expense$146,000.00
Interest expense$45,300.00
Earnings before taxes$404,680.00
Income taxes$161,872.00
Net income $242,808.00
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