Part 3: Calculate and interpret the asset turnover ratio for Dan's Dependable Delivery

Given the following information calculate Dan's Dependable Delivery's return on equity. Show your work in part three of the template.

Dan's Dependable Delivery	Current year	Last year	Previous Year
Sales	$500,000	$470,000	$489,000
Equity	$2,249,950	$2,120,750	$2,056,250

One of Dan's Dependable Delivery competitors is a small regional company called Best Delivery Services. It shows these numbers on its financial statements.

Best Delivery Services	Current year	Last year	Previous Year
Sales	$230,000	$215,000	$150,000
Equity	$1,500,000	$1,500,750	$1,056,250

In the text box below your calculations, convince someone which company is a better investment and justify your choice. Use only 140 characters. Only the first 140 characters will be used as your answer.