Selected financial data of two intense competitors in a recent year are presentedhere (in millions):

Instructions

(a) For each company, compute the following ratios:(1) Current(8) Return on assets(2) Receivables turnover(9) Return on common stockholders' equity(3) Average collection period(10) Debt to total assets(4) Inventory turnover(11) Times interest earned(5) Average days in inventory(12) Current cash debt coverage(6) Profit margin(13) Cash return on sales(7) Asset turnover(14) Cash debt coverage

(b) Compare the liquidity, solvency, and profitability of the two companies.

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Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (net) Income tax expense Net income Bethlehem Steel Corporation Inland Steel Company Income Statement Data for Year $4,819 $4,497 4,548 3,991 137 265 46 72 7 0 14 62 $ 81 $ 107 Current assets Property, plant, and equipment (net) Other assets Total assets Current liabilities Balance Sheet Data (End of Year) $1,569 $1,081 2,759 1,610 1,454 662 $5,782 $3,353 $1,011 $565 Long-term debt 3,615 2,056 Total stockholders' equity 1,156 732 Total liabilities and stockholders' equity $5,782 $3,353