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
	Metropolitan				Republic
Assets
Cash	$	232.3			$	42.0
Accounts receivable (net)		465.7				365.0
Short-term investments						7.4
Inventory		510.4				673.2
Prepaid expenses and other current assets		172.6				533.7
Current assets	$	1,381.0			$	1,621.3
Property, plant, and equipment (net)		2,656.2				2,348.3
Intangibles and other assets		256.3				528.6
Total assets	$	4,293.5			$	4,498.1
Liabilities and Shareholders Equity
Accounts payable	$	530.9			$	743.2
Short-term notes		271.1				600.4
Accruals and other current liabilities		639.2				583.5
Current liabilities	$	1,441.2			$	1,927.1
Long-term debt		594.6				593.3
Deferred tax liability		433.6				658.7
Other long-term liabilities		163.0				150.1
Total liabilities	$	2,632.4			$	3,329.2
Common stock (par and additional paid-in capital)		195.9				382.0
Retained earnings		2,526.9				1,653.9
Less: Treasury stock		(1,061.7	)			(867.0	)
Total liabilities and shareholders equity	$	4,293.5			$	4,498.1
Income Statements
Net sales	$	5,751.0			$	7,814.2
Cost of goods sold		(2,861.0	)			(4,429.7	)
Gross profit	$	2,890.0			$	3,384.5
Operating expenses		(1,692.7	)			(2,484.2	)
Interest expense		(55.8	)			(46.6	)
Income before taxes	$	1,141.5			$	853.7
Income tax expense		(339.7	)			(232.1	)
Net income	$	801.8			$	621.6
Net income per share	$	4.0			$	8.2

For both companies, compute the ratios below. (Consider 365 days a year. Do not round intermediate calculations and round your final answers to 2 decimal places.)

	Metropolitan		Republic
Return on Assets	18.67	%	13.81	%
Profit Margin	13.94	%	7.95	%
Asset Turnover		times		times
Return on Equity		%		%
Equity Multiplier
Acid-Test Ratio
Current Ratio
Receivables Turnover		times		times
Inventory Turnover		times		times
Times Interest Earned		times		times