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The following information relates to Handy Tool Corp., and Toolbox Inc. for their 2018 and 2017 fiscal years. Handy Tool Corp. Selected Financial Information (amounts

The following information relates to Handy Tool Corp., and Toolbox Inc. for their 2018 and 2017 fiscal years. Handy Tool Corp. Selected Financial Information (amounts in millions, except per share amounts) January 28, January 29, 2018 $ 9,430 2017 $7,931 Total current assets: Merchandise Inventory 8,655 7,143 Property and equipment, net of depreciation 18,956 15,175 Total assets 35,672 26,306 Total current liabilities Total long-term liabilities 15,402 9,617 14,510 11,842) Total liabilities Total shareholders' equity 29,912 21,459 5,760 4,847 Revenue 114,802 38,383 Cost of goods sold 89,245 70,204 Gross profit 25,557 18,179 Operating Incone 3,320 2,449 Income tax expense Earnings from continuing operations before income tax expense 2,459 2,053 953 Net earnings Basic earnings per share 1,506 1.51 675 1,378 $ 1.38 Toolbox Inc. Total current assets. Merchandise inventory Toolbox Inc. Selected Financial Information (amounts in millions except per share data) Property and equipment, net of depreciation Total assets Total current liabilities Total liabilities Revenues January 24,1 2018 $ 2,000 1,757 January 25, 2017 $ 1,787 374 3,348 2,194 5,780 5,005 1,322 983 Total long-term liabilities 710 518 2,032 1,501 Total stockholders' equity 3,748 3,507 15,213 11,682 Cost of goods sold Gross profit 9,625 7,497 5,588 4,185 Operating income 983 799 Earnings from continuing operations before income taxes 945 709 Income tax expense 385 311 Net earnings 560 398 Basic earnings per share 1.41 1.16 Required Compute the following ratios for the companies' 2018 fiscal years (years ending in January 2018) (Use 365 days in a year. Do not round intermediate calculations. Round "Current ratio" to 2 decimal places and "Average days" to nearest whole number. Round all other answers to 1 decimal place.) (1) Current ratio (2) Average days to sell inventory (Use average Inventory) (3) Debt-to-assets ratio. (4) Return on investment (Use average assets and use "eamings from continuing operations" rather than "net earnings") (5) Gross margin percentage (6) Asset turnover (Use average assets) (1) Return on sales (Use earnings from continuing operations rather than "net earnings (8) Plant assets to long-term debt ratio HANDY TOOL TOOLBOX days days % % % % % times times

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