Depreciation expense 649 73 145 Total revenues 32,376 2,061 4,825 a. Based on the total revenues which of these companies is the largest? Nike b. Compute the days' cash on hand for all three companies (Round all calculations to one decimal place.) Nike lululemon Under Armour Days' Cash on Hand days days days c. Which of these companies is cash sufficient? 1. Nike 2. Under Armour 3. lululemon 4. All of the above. d. Which company appears to have the greatest cash liquidity? e. Why is a ratio used to compare cash sufficiency across the three companies rather than just the companies' cash balances 1. The ratio adjusts for the sue differences so that cash is expressed relative to the size of the business 2. The ratio considers average numbers which gives more meaningful results, 3. Ratios are easier to calculate and interpret. 4. Ratio calculations also take into account the net incomes of the companies, which give more meaningful results. F Check My Work All work saved Emains O ii a E DO 0 "on se & Depreciation expense 649 73 145 Total revenues 32,376 2,061 4,825 a. Based on the total revenues which of these companies is the largest? Nike b. Compute the days' cash on hand for all three companies (Round all calculations to one decimal place.) Nike lululemon Under Armour Days' Cash on Hand days days days c. Which of these companies is cash sufficient? 1. Nike 2. Under Armour 3. lululemon 4. All of the above. d. Which company appears to have the greatest cash liquidity? e. Why is a ratio used to compare cash sufficiency across the three companies rather than just the companies' cash balances 1. The ratio adjusts for the sue differences so that cash is expressed relative to the size of the business 2. The ratio considers average numbers which gives more meaningful results, 3. Ratios are easier to calculate and interpret. 4. Ratio calculations also take into account the net incomes of the companies, which give more meaningful results. F Check My Work All work saved Emains O ii a E DO 0 "on se &