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The following data were taken from the 2018 annual reports of LifeLabs, Incorporated and Destira Corporation. Both companies are leaders in biotechnology. All dollar amounts
The following data were taken from the 2018 annual reports of LifeLabs, Incorporated and Destira Corporation. Both companies are leaders in biotechnology. All dollar amounts are in millions. Required a. For each company, compute the debt-to-assets ratio, return-on-assets ratio, and return-on-equity ratio. b. Which company has the greatest level of financial risk? c. Which company appears to have managed its assets most efficiently? d. Which company performed better from the perspective of the owners? Complete this question by entering your answers in the tabs below. For each company, compute the debt-to-assets ratio, return-on-assets ratio, and returnon-equity ratio. (Round your answers to 1 decimal place.)
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