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2. Based on the handout for Smith Inc. and Jones Corp.. () calculate the following ratios, figures, and/or Percentages; (ii) for each item (a through
2. Based on the handout for Smith Inc. and Jones Corp.. () calculate the following ratios, figures, and/or Percentages; (ii) for each item (a through b), circle the company that has the better result and then, (iii) indicate which company is in better financial shape overall, BASED ON THE ANSWERS YOU HAVE CALCULATED. (10 marks) (NOTE: just use year-end information; no average values available) a. Working Capital: Smith: Jones: b. Days of Sales in Inventory: Smith: Jones: c. Quick Ratio: Smith: Jones: d. Profit Margin: Smith: Jones 6. Days of Accounts Payable: Smith Jones Return on Common Shareholders' Equity Smith Jones
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