Presented below are condensed financial statements adapted from those of two actual companies competing in the pharmaceutical industry-Benatar and Jett, Incorporated ($ in millions, except per share amounts). Assets: Cash Short-term investments Accounts receivable (net) Inventory Other current assets Balance Sheets ($ in millions, except per share data) Current assets. Property, plant, and equipment (net) Intangibles and other assets Total assets Liabilities and Shareholders' Equity: Accounts payable Short-term notes Other current liabilities Current liabilities Long-term debt Other long-term liabilities Total liabilities Common stock (par and additional paid-in capital) Retained earnings Accumulated other comprehensive income (loss) Less: Treasury stock and other equity adjustments Total shareholders' equity Total liabilities and shareholders' equity Income Statements Net sales Cost of goods sold Gross profit Operating expenses Other (income) expense-net Income before taxes Income tax expense Net income Basic net income per share Benatar $ 17,400 2,039 15,241 9,780 2,562 47,022 17,696 95,556 $ 160,274 $ 8,658 1,259 26, 256 36,173 26,608 35,913 98,694 3,975 112,730 (16,651) (38,474) 61,580 $ 160,274 $ 84,569 27,632 56,937 34,745 (2,620) 19,572 2,323 $ 17,249 $5.91 Jett $ 1,533 8,544 8,743 8,321 6,726 33,867 14,024 120,833 $ 168,724 $4,315 16,290 17,003 37,608 36,050 32,683 106,341 87,972 97,765 11,735 (111,619) 62,383 $ 168,724 *This is before income from discontinued operations. Evaluate and compare the two companies by responding to the following questions. 54,300 10,409 43,891 20,347 3,768 19,776 1,422 $ 18,354* $ 3.11

Presented below are condensed financial statements adapted from those of two actual companies competing in the pharmaceutical Evaluate and compare the two companies by responding to the following questions -This is before income from discontinued operations. Evaluate and compare the two companies by responding to the following questions. Note: Because two-year comparative statements are not provided, you should use year-end balances in place of average balances as appropriate. Required: 1. For both companies, compute the ratios below Note: Consider 365 days a year. Do not round intermediate calculotions. Round "Asset Turnover" answers to 3 decimal-places, averoge days to whole numbers, ond other finol onswers to 2 decimal places