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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. LifeLabs Destira December 31, 2018 December 31, 2018 Total assets $23,076.8 $77,826 Total liabilities 10,848.2 47,851 Stockholders equity 12,228.6 29,975 Net income 3,802.8 7,732 Required a. For each company, compute the debt-to-assets ratio, return-on-assets ratio, and return-on-equity ratio. b. Which company h
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