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Presented below are condensed financial statements adapted from those of two actual companies competing as the primary players in a speciality area of the food

Presented below are condensed financial statements adapted from those of two actual companies competing as the primary players in a speciality area of the food manufacturing and distribution industry. ($ in millions, except per share amounts.)
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Metropolitan Republic $ 297.3 525.7 576.4 231.6 $ 1,631.0 2,714.2 314.3 $ 4,659.5 $ 43.5 431.0 8.6 732.2 591.7 $ 1,807.1 2,750.3 619. $ 5,176.4 Assets Cash Accounts receivable (net) Short-term investments Inventory Prepaid expenses and other current assets Current assets Property, plant, and equipment (net) Intangibles and other assets Total assets Liabilities and Shareholders' Equity Accounts payable Short-term notes Accruals and other current liabilities Current liabilities Long-term 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 shareholders' equity Income Statements Net sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income tax expense Net Income Net income per share 589.9 325.1 697.2 $ 1,612.2 663.6 489.6 229. $ 2,994.4 243.9 2,580.9 (1,159.7) $ 4,659.5 798.2 659.4 633.5 $ 2,091.1 667.3 720.7 209.1 $ 3,688.2 452.0 1,705.9 (669.7) $ 5,176.4 $ 5,887.6 (2,888.0) $ 2,999.0 (1,630.7) (91.8) $ 1,276.5 (283.2) $ 992.8 $ 5 $ 7,874.2 (4,374.7) $ 3,499.5 (2,918.2) (43.6) $ 537.7 $ $ 538.6 8.0 Required: 1. For both companies, compute the ratios below. 2. Evaluate and compare the two companies. Complete this question by entering your answers in the tabs below. Required 1 Required 2 For both companies, compute the ratios below. (Consider 365 days a year. Do not round intermediate calculations and your final answers to 2 decimal places.) Metropolitan % Republic % % % times % times % Return on Assets Profit Margin Asset Turnover Return on Equity Equity Multiplier Acid-Test Ratio Current Ratio Receivables Turnover Inventory Turnover Times Interest Earned times times times times times times

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