Balance Sheets ($ in millions, except per share data) Benatar Jett Assets: Cash $11,323 $ 6,418 Short-term investments 5,160 11,416 Accounts receivable (net) 7,734 9,935 Inventory 4,656 7,685 Other current assets 4,550 4,415 Current assets 33,423 39,869 Property, plant, and equipment (net) 12,694 21,135 Intangibles and other assets 17,470 70,795 Total assets Liabilities and Shareholders' Equity: Accounts payable Short-term notes Other current liabilities Current liabilities Long-term debt $63,587 $131,799 $ 6,046 $ 3,681 2,987 10,666 8,343 13,238 17,376 27,585 3,955 6,755 Other long-term liabilities 5,975 22,970 Total liabilities 27,306 57,310 Common stock (par and additional paid-in capital) Retained earnings 4,320 68,250 39,843 38,222 Accumulated other comprehensive income (loss) (750) 235 Less: Treasury stock and other equity adjustments Total shareholders' equity (7,132) 36,281 (32,218) 74,489 Total liabilities and shareholders' equity $63,587 $131,799 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 *This is before income from discontinued operations. $46,142 $ 49,468 13,184 10,840 32,958 38,628 20,739 29,462 (505) 3,730 12,724 5,436 3,817 1,631 $ 8,907 $ 3,805* $ 2.82 $ 0.62 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 Jett Receivables Turnover times times Average Collection Period days days Inventory Turnover times times Average Days in Inventory days days Profit Margin % % Asset Turnover times times Return on Assets % % Equity Multiplier Return on Equity % %