Financial information (in thousands of dollars) relating to three different companies follows.

Required:
1. Compute the following ratios:
a. Return on sales
b. Asset turnover
c. Assets-to-equity ratio
d. Return on equity
2. Interpretive Question: Assume the three companies are
(a) A large department store,
(b) A large supermarket, and
(c) A large electric utility. Based on the above information, identify each company. Explain youranswer.

Browne Company Millie Badie Company Company Net sales Net income Total assets Total equity $ 70,000 $40,000 2,500 30,000 13,000 $30,000 240,000 110,000 5,000 2,500