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1. Complete a schedule that reflects a ratio analysis of each company. Use ending balances if average balances are not available, (Round intermediate calculations and

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1. Complete a schedule that reflects a ratio analysis of each company. Use ending balances if average balances are not available, (Round intermediate calculations and final answers to 2 decimal places.) HINT: To calculate Current Ratio, you will need to first calculate the total Current Assets. Ratio Armstrong Company Blair Company Profitability ranpa: Relum an equity Return on assets Gross profit percentage Assel Turnover ratios' Fixed asset turnover times Raceiveblas tumover times times Inventory turnover times Liquially rados Current ratio Debilo equilly ralio Market tests. Priceleamings ralio

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