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Below are selected ratios for two companies which operate in two different industries Departmental Store and Cosmetics Manufacturer. Firm X Firmy COGS/Sales 7596 5896 R&D/Sales

Below are selected ratios for two companies which operate in two different industries Departmental Store and Cosmetics Manufacturer. Firm X Firmy COGS/Sales 7596 5896 R&D/Sales 096 796 Advertising/Sales na 396 Interest/Sales 0.9% 196 Net Income/Sales 2.596 1096 Return on Assets 109 1496 Inventory Turnover 5.5 times 4 times Accounts Receivable Turnover 12 times 6 times Long-term Debt/Equity 5596 5596 n/a=not applicable Determine the industry of Firm X and Firm Y. Answer Firm X: Departmental store: Firm Y: cosmetics manufacturer 0 O Firm X: Cosmetics manufacturer, Firm Y: cosmetics manufacturer O Firm X: Departmental store; Firm Y: Departmental store O Firm X: Cosmetics store; Firm Y: Departmental store

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