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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

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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 in millions, except per share amounts) January 28, 2018 Total current assets $ 11,090 Merchandise inventory 10,178 Property and equipment, net of depreciation 22,292 Total assets 38,348 Total current liabilities 14,510 Total long-term liabilities 17,064 Total liabilities 31,574 Total shareholders' equity 6,774 Revenue 135,014 Cost of goods sold 106,578 Gross profit 28,436 Operating income 3,904 Earnings from continuing operations before income tax expense 3,838 Income tax expense 1,122 Net earnings 2,716 Basic earnings per share 2.72 January 29, 2017 $ 9,505 8,559 18,184 31,519 11,523 14, 189 25,712 5,807 105,888 84,106 21,782 2,933 2,457 808 1,649 $ 1.65 Toolbox Inc. Selected Financial Information (amounts in millions except per share data) January 24, 2018 Total current assets $ 2,100 Merchandise inventory 1,860 Property and equipment, net of depreciation 3,545 Total assets 6. 115 Total current liabilities Total long-term liabilities Total liabilities 2,391 Total stockholders' equity 3,724 Revenues 17,375 Cost of goods sold 11.329 Gross profit 6,046 Operating income 1.157 Earnings from continuing operations before income taxes 1.121 Income tax expense 455 Net earnings 666 Basic earnings per share 1.69 1,556 835 January 25, 2017 $ 2,135 447 2,622 5,981 1,175 618 1,793 4,188 13,949 8,950 4.999 953 865 370 495 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.) HANDY TOOL TOOLBOX days days (1) Current ratio (2) Average days to sell inventory (Use average inventory.) (3) Debt-to-assets ratio Return on investment (Use average assets and use "earnings from continuing operations" rather than "net earnings.") (5) Gross margin percentage (6) Asset turnover (Use average assets.) Return on sales (Use "earnings from continuing operations rather than "net earnings. (8) Plant assets to long-term debt ratio times times

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