I can't figure out how to correctly figure out the rates and ratios. Any help would be much appreciated and possible provide a brief explanation so I can try and figure out how the answer was computed. Thanks

Presented below are condensed financial statements adapted from those of two actual companies competing as the primary players in a specialty area of the food manufacturing and distribution industry. ($ in millions, except per share amounts.) Balance Sheets Assets Cash Accounts receivable (net) Shortterm investmen ts Inventori es Prepaid expenses and other current assets Current assets Property, plant, and equipment (net) Intangibl es and other assets Total assets Liabiliti es and Sharehold ers' Equity Accounts payable Shortterm notes Accruals and other current liabilities Current liabilities Metropolitan $ 179.3 $ $ Republic 37.1 422.7 325.0 4.7 466.4 635.2 134.6 476.7 1,203.0 $ 1,478.7 2,608.2 2,064.6 210.3 464.7 $ 4,021.5 $ 4,008.0 $ 467.9 $ 691.2 $ 227.1 557.4 585.2 538.5 1,280.2 $ 1,787.1 Longterm debt Deferred tax liability Other long-term liabilities Total liabilities Common stock (par and additional paid-in capital) Retained earnings Less: treasury stock Total liabilities and shareholde rs' equity Net sales Cost of goods sold Gross profit Operatin g expenses Interest expense Incom e before taxes Tax expense $ 535.6 542.3 384.6 610.7 104.0 95.1 2,304.4 $ 3,035.2 144.9 335.0 2,476.9 1,601.9 (904.7) (964.1) $ 4,021.5 $ 4,008.0 $ Income Statements 5,698.0 $ 7,768.2 (2,909.0) $ $ 2,789.0 (4,481.7) $ 3,286.5 (1,743.7) (2,539.2) (56.8) (46.6) 988.5 $ (394.7) 700.7 (276.1) Net income $ 593.8 $ 424.6 Net income per share $ 2.40 $ 6.50 Note: Because comparative statements are not provided you should use year-end balances in place of average balances as appropriate. Required: 1.1 Calculate the rate of return on assets for the following companies. (Round your answers to 1 decimal place.) Metropolitan: Republic: 1.2 Which of the two firms had greater earnings relative to resources available? Republic Metropolitan 2. 1 Calculate the return on assets for both companies. (Round your answers to the expected format presented in the table.) Profit Margin Metropolitan Republic x x x Asset Turnover (#.##) x Rate or Return on assets (#.#) x x 2.2 Have the two companies achieved their respective rates of return on assets with similar combinations of profit margin and turnover? No Yes 3.1 Calculate the Rate of return on shareholders' equity for the following companies. (Round your answers to 1 decimal place.) Metropolitan: Republic: 3.2 From the perspective of a common shareholder, which of the two firms provided a greater rate of return? Metropolitan Republic 4.1 Calculate the equity multiplier for the following companies. (Round your answers to 2 decimal places.) Metropolitan: Republic: 4.2 Which company is most highly leveraged and which has made most effective use of financial leverage? Highly Leveraged: Financial Leverage: 5. Calculate the acid-test ratio and current ratio for the following companies. (Round your answers to 2 decimal places.) Metropolitan Republic Acid-Test ratio ____________ times ____________ times Current ratio _____________ times _____________ times 6. Calculate the receivables and inventory turnover ratios the following companies. (Round your answers to 1 decimal places.) Metropolitan Republic Receivables turnover ratio ____________ times ____________ times Inventory turnover ratio _____________ times _____________ times 7. Calculate the times interest earned ratio for the following companies. (Round your answers to 1 decimal place.) Metropolitan: _________ times Republic: __________ times