terpretation of financial statements (L.C 5) Assume that selected informa s of two major retailers, Ben Mart and Sue Mart are showa below ma from the 9011 anual reports numbers are in millions. Income Statement Net sales Cost of goods sold Gross margin Operating expenses Interest expense Income before taxes Income taxes (refund) Net income (oss) BEN Mart SUE Mart $ 37,028.0 $193,295.0 S 73700 $43,040.0 S 7,461.0 31,679.0 $ (378.0) S 9,987.0 Balance Sheet Current assets: Cash and cash equivalents Trade accounts receivable (net) Inventories Other current assets S 201.0 2,054.0 1,768.0 5,412.0 21,4420 1,200.0 Total current assets 7,624.0 26,555.0 Noncurrent assets Total assets $ 3,799.0 28,949.0 3.861.0 $ 7,660.0 46,7870 Current liabilities Long-term liabilities Total liabilities Total owners' equity 6.970.0 313430 Total liabilities and owners' equity REQUIRED Cut the following ratios rounding computations to the nearest tenth of a percent. a. Current ratio for the end of fiscal 2011. b, Quick ratio for the end of fiscal 2011. receivable turnover ratio for 2011. (Accounts receivable at the end of fiscal 2010 Ben Mart $1,300.0, Sue Mart $1,341.0) 19.780 for 011. (daventory at the end of focel 9010, Ben Mart $7.1010 Sue Mart $19,793.0) e. Debt ratio for the end of fiscal 2011. t. Times interest earned for 2011 Gross profit margin for fiscal 2011. h. Profit margin for fiscal 2011 assetst asset turnover for fiscal urn on total assets for fiscal 2011. nend as an iavestment? Briefly esplain 2011(Total assets at the end of fiscal 2010: Ben Mart $15,140.0, Sue Mart $70,349.0) aputed in requirement I, which of the two companies would you