40. Extracts from Zee's quarterly income state- ments and balance sheets for the four ters of...

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40. Extracts from Zee's quarterly income state- ments and balance sheets for the four ters of year 1 are as follows: quar- Q1 Q2 Q3 Q4 $ $ $ $ Sales PPE Millions Millions Millions Millions 1,000 1,020 1,030 1,040 1,000 1,000 1,500 1,500 Total assets 5,000 5,100 5,600 5,700 Required a. Calculate the sales/PPE ratio for quarters 1-4. b. Calculate the sales/total assets ratio for quarters 1-4. c. Comment on the above ratios. 40. Extracts from Zee's quarterly income state- ments and balance sheets for the four ters of year 1 are as follows: quar- Q1 Q2 Q3 Q4 $ $ $ $ Sales PPE Millions Millions Millions Millions 1,000 1,020 1,030 1,040 1,000 1,000 1,500 1,500 Total assets 5,000 5,100 5,600 5,700 Required a. Calculate the sales/PPE ratio for quarters 1-4. b. Calculate the sales/total assets ratio for quarters 1-4. c. Comment on the above ratios.