Balance Sheets ($ in millions, except per share data) Benatar Jett $11,323 5,160 7,734 4,656 4,550 33,423 12,694 17, 470 $63,587 $ 6,418 11,416 9,935 7,685 4,415 39,869 21,135 70, 795 $131,799 Assets: Cash Short-term investments Accounts receivable (net) Inventory Other current assets Current assets Property, plant, and equipment (net) Intangibles and other assets Total assets Liabilities and Shareholders' Equity: Accounts payable Short-term notes Other current liabilities Current liabilities Long-term debt Other long-term liabilities Total liabilities Common stock (par and additional paid-in capital) Retained earnings Accumulated other comprehensive income (loss) Less: Treasury stock and other equity adjustments Total shareholders' equity Total liabilities and shareholders' equity Income Statements Net sales Cost of goods sold Gross profit Operating expenses Other (income) expense-net Income before taxes Income tax expense Net income Basic net income per share $ 6,046 2,987 8,343 8 17,376 3,955 5,975 27, 306 $ 3,681 10,666 13,238 27,585 6,755 22,970 57,310 4,320 39,843 (750) (7,132) 36,281 $63,587 68,250 38,222 235 (32,218) 74,489 $131, 799 $46, 142 13,184 32,958 20,739 (505) 12,724 3,817 $ 8,907 $ 49,468 10,840 38,628 29,462 3,730 5,436 1,631 $ 3,805 $ 2.82 $ 0.62 * This is before income from discontinued operations. . Evaluate and compare the two companies by responding to the following questions. Note: Because two-year comparative statements are not provided, you should use year-end balances in place of average balances as appropriate. Required: 1. For both companies, compute the ratios below. (Consider 365 days a year. Do not round intermediate calculations. Round "Asset Turnover" answers to 3 decimal places and other final answers to 2 decimal places.) Benatar Receivables Turnover Average Collection Period Inventory Turnover Average Days in Inventory Profit Margin Asset Turnover Return on Assets Equity Multiplier Return on Equity times days times days % Jett times days times days % times times % % % %