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International Genetic Technologies (In Gen) and The Resources Development Association (RDA) are companies involved in cutting-edge genetics research. Selected financial data for (InGen) and (RDA)

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International Genetic Technologies (In Gen) and The Resources Development Association (RDA) are companies involved in cutting-edge genetics research. Selected financial data for (InGen) and (RDA) are provided below: (Round your answers to 1 decimal place. Enter your answers in millions (i.e., $10,100,000 should be entered as 10.1).) ($ in millions) Net sales Net income Operating cash flows Total assets, beginning Total assets, ending Ingen RDA $187,245 $146,916 11,235 22,470 14,139 20,571 273,400 213,452 137,452 173,300 Required: 1. Calculate the return on assets for both companies. ($ in millions) Return on Assets Average total assets Net income In Gen RDA 2. Calculate the cash return on assets for both companies. (s in millions) Cash Return on Assets Net sales Operating cash flows In Gen RDA 3. Calculate the cash flow to sales ratio and the asset turnover ratio for both companies. (s in millions) Cash Flow to Sales Net sales Operating cash flows Ingen RDA Asset Turnover Net sales Average total assets InGen RDA 4. In general, which company has the more favorable ratios? International Genetic Technologies (InGen) Resources Development Association (RDA)

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