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 (s in millions, except por share amounts) Metropolitan Republic $ 205.3 497.4 150,5 $ 1,312.0 2,6412 243.3 54.198.5 $ 415 3480 6.9 6622 5087 5 1.587 4 2.2384 5038 $ 4,309.8 Balance Sheets Assets Cash Accounts receivable (net) Short-term investments Inventory Prepaid expenses and other current assets Current assets Property, plant, and equipment (nal) 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 Nel sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income tax expense Net income Net income per share nas as 2? $ 5069 258.1 815.2 51,380.2 5706 4138 142.0 $ 2,5064 172.0 2,508.9 (989.7) $ 4.1965 $ 723.2 5884 565.5 $ 1,0771 579.3 540.7 133.1 53.230.2 366.0 1,6299 1918 5) $ 4,3096 my 55,7340 2.880.0 $ 2,8540 (1.7127) 1458) $1.0955 (3577) 57378 $ 3.4 $ 7,7922 14.448.7) $ 3.3455 12,5112) (36.6) $ 797.7 (2441) $ 5536 $ 7.1 Evaluate and compare the two companies by responding to the following questions Note: Because 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. 2. Evaluate and compare the two companies PM Print Vie Complete this question by entering your answers in the tabs below. Required 1 Required 2 For both companies, compute the ratios below. Consider 165 days a year. Do not round intermediate calculations and round your final answers to 2 decimal places) Metropolitan Republic 56 times mes Return on A Proft Margin Asset Tumover Rohumunun Equity Multiplier A-Teala Current Ratio Receivables Tumor Inventory Tumover Times Interest Earned tas times mes times mes