+ + 6.55 ALL TOOLS CORPORATION Selected Financial Information (amounts in millions except per share data) January 24, 2018 $ 17,899 January 25, 2017 $ 10,266 Total current assets Merchandise inventory Property and equipment, net of depreciation Total assets Total current liabilities Total long-term liabilities Total liabilities Total stockholders' equity Revenues Cost of goods sold Gross profit Operating income Earnings from continuing operations before income taxes Income tax expense Net earnings * 10,968 10,436 10,465 13,215 32,642 32,832 13,418 8,884 12,969 12,842 26,387 21,726 6,255 11,106 59,225 60,026 34,038 36,341 25,187 23,685 5,397 4,745 5,248 3,048 1,376 1,873 3,872 1,175 The following information relates to Handy Hardware Incorporated, and All Tools Corporation for their 2017 and 2016 fiscal years. HANDY HARDWARE INCORPORATED Selected Financial Information (amounts in millions, except per share amounts) ces Total current assets Merchandise inventory Property and equipment, net of depreciation Total assets Total current liabilities Total long-term liabilities Total liabilities Revenue Total shareholders' equity Cost of goods sold Gross profit Operating income Earnings from continuing operations before income tax expense Income tax expense Net earnings Basic earnings per share January 28, 2018 $ 26,057 14,982 January 29, 2017 $ 21,081 13,811 16,865 20,920 44,696 58,235 8,066 18,991 34,775 33,316 42,841 52,307 1,855 5,928 105,241 76,626 69,618 34,527 35,623 42,099 10,848 12,548 17,888 18,297 4,997 5,537 12,891 $ 7.41 12,760 $ 6.55 your conclusion. e. Which company appears to be the more efficient at using its assets? Identify which ratio(s) from Requirement a you used to reach your conclusion. b. More profitable? c. Higher level of financial risk? d. Charging higher prices? e. More efficient at using assets? Company Ratio(s) Used + Show less C Compute the following ratios for the companies' 2017 fiscal years (years ending in January 2018): (Use 365 days in a year. Round your intermediate calculations to 2 decimal places. Round your "Current ratio" answers to 2 decimal places and "Average days to sell inventory" answers to the nearest whole number and all other answers to 1 decimal place.) 1. Current ratio 2. Average inventory Inventory turnover Handy Hardware Incorporated All Tools Corporation to 1 to 1 times Average days to sell inventory days 3. Debt to assets ratio % 4. Average assets ROI 5. Gross margin percentage 6. Asset turnover 7. Return on sales 8. Plant assets to long-term debt ratio times days % % % % % times times % % to 1 to 1 Ren Al Req B to E >