1. • How would you rank the four firms in terms of financial performance?
   • Why might their financial performances differ?
   • What economic or market factors might account for big differences in P/E ratios?

	Date	12/30/2018	12/30/2018	1/30/2019	12/30/2018
	Financial Ratio	Exxon Mobile	Merck & Co	Target	Verizon
1	Current Ratio (Current Assets/Current Liabilities)	0.84	1.17	0.83	0.91
2	Total Asset Turnover (Sales/Total Assets)	81%	51%	183%	49%
3	Times Interest Earned (EBITDA/Interest)	66	18	14	9
4	Total Debt (Total Debt/Total Equity)	10%	7%	90%	199%
5	Return on Sales (Net Income/Net Sales)	7%	15%	4%	12%
6	Return on Assets (Net Income/Total Assets)	6%	8%	7%	6%
7	Return on Equity (Net Income/Total Equity)	11%	23%	26%	29%
8	Price to Earnings (Price/Earnings)	18%	22%	19%	13%