Required (a) For each entity, calculate the following: 1. Current ratio. 2. Receivables turnover. 3. Average collection period. 4. Inventory turnover. 5. Average days in inventory. 6. Profit margin ratio. 7. Asset turnover. 8. Return on assets ratio. 9. Return on shareholders' equity ratio. 10. Debt to total assets ratio. 11. Times interest earned. 12. Current cash debt coverage. 13. Cash return on sales ratio. 14. Cash debt coverage. (b) Compare the liquidity, solvency and profitability of the two companies.

Net sales Cost of sales Selling and administrative expenses Interest expense Gain on sale of equipment Income tax expense Prot Current assets Property, plant and equipment (net) Total assets Current liabilities Non-current liabilities Total shareholder's equity Total liabilities and shareholder's equityr Total assets Total shareholders equity Current liabilities Average net receivables Average inventory Net cash provided by operating activities Angel Ltd (9\") 2016 $34 025 25992 7 701 494 572 1 14 $296 Bun-y 1.1a ($111) 2016 Statement or prot or loss data 332 494 65 586 12358 706 918 1 581 s 2681 Statement of nancial position data (end-otyear) 2016 2016 S 9187 $15358 7842 17481 $1? 029 $32 319 s 5626 $ 9975 5 571 10120 6 032 12726 $17 029 $52 319 Beginning-of-year balances $17 504 526441 6 095 10755 5698 9981 Other data 5 1 570 s 695 ? 517 12 559 551 5106