cdition Application Problem 12-18A a (Compare ratios and comment on results) Selected financial data for two intense competitors in a recent year follow (amounts in millions): Zeus Cornacation Mars Company Statement of income data: Net sales $3,367 $6,825 Cost of goods sold 2,966 5,733 Selling and administrative expenses 89 408 Interest expense 128 188 Other expenses 9 0 Income taxes 64 99 Net income $111 $397 Statement of cash flows data: Net cash inflow from operating activities $134 $259 Net increase in cash during the year 10 39 Statement of financial position data: End-of-year balances: Current assets $1,016 $1,606 Property, plant, and equipment (net) 1,880 2,956 Other assets 706 1,024 Total assets $3,602 $5,586 Current liabilities $585 $842 Long-term debt 2,229 3,126 Total shareholders' equity 788 1,618 Total liabilities and shareholders' equity $3,602 $5,586 Beginning-of-year balances: Total assets $3,235 $5,133 Total shareholders' equity 752 1,234 Other data: Average net receivables $354 $784 Average inventory 289 574 ch o Burnley, Understanding Financial Accounting, Second Canadian Edition ACCOUNTING AND FINANCIAL MANAGEMENT COLIS 2 1 $3,235 Total shareholders' equity $5,133 752 Other data 1,234 Average net receivables $354 $784 Average inventory 289 574 (a) For each company, calculate the following ratio: (Round accounts reabile turnover, inventory turnover and current ratio to 2 decimal places, s. 14. Roue deb total capitalization to 2 decimal places, e.g. 0.822. Round average collection period days to sell inventory, interest coverage return on met anderen wit me decim or 13.59.) Average collection period for receivables II. Days to sell inventory Current ratio IV. Net debt as a percentage of total capitalization Interest coverage Return on assets VW. Return on equity Zeus Corporation Mars Company Average collection period days days # Days to sell inventory days days Current ratio V VI W. Net debt as a percentage of total capitalization Interest coverage times V. Return on assets 16 vil. Return on equity LINK TO TOE