$2$

Part $2$ of $2$

Required information

Ratio analysis

$[$The following information applies to the questions displayed

$24$

below.$]$

points

Summary information from the financial statements of two companies competing in the same industry follows.

$\backslash$table$[[,\backslash$table$[[$Iroquois$],[$Company$]],\backslash$table$[[$Percy$],[$Company$]],],[\backslash$table$[[$Data from the current year$-$end$],[$balance sheets$]],,,\backslash$table$[[$Data from the curr$],[$income statement$]]],[$Assets$,,,$Sales$],[$Cash$,$$$21,000,$$$31,000,$Cost of goods $||$ sold$],[$Accounts receivable, net,$35,400,52,400,$Interest expense$],[$Merchandise inventory,$84,740,134,500,$Income tax expense$],[$Prepaid expenses,$5,400,7,800,$Net income$],[$Plant assets, net,$310,000,307,400,$Basic earning $ per$],[$Total assets,$$456,540,$$$533,100,$Cash dividends per$],[$Liabilities and Equity,,,$\backslash$table$[[$Beginning$-$of$-$year I$],[$data$]]],[$Current liabilities,$$68,340,$$$103,300,$Accounts receivabl,$],[$Long$-$term notes payable,$78,800,105,000,$Merchandise ihvent$],[$Common stock, $$5$ par value,$210,000,246,000,$Total assets$],[$Retained earnings,$99,400,78,800,$Common stock, $|$$$5|$