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 $ 9,430 Merchandise inventory 8,655 Property and equipment, net of depreciation 18,956 Total assets 35, 672 Total current liabilities 15, 402 Total long-term liabilities 14,510 Total liabilities 29, 912 Total shareholders' equity 5, 760 Revenue 114, 802 Cost of goods sold 89, 245 Gross profit 25, 557 Operating income Earnings from continuing operations before income tax expense 3, 320 2,459 Income tax expense 953 Net earnings 1,506 Basic earnings per share $ 1.51 January 29, 2017 $ 7,931 7,143 15, 175 26, 306 9, 617 11,842 21,459 4,847 88, 383 70, 204 18, 179 2,449 2,053 675 1,378 $ 1.38 Toolbox Inc Selected Financial Information (amounts in millions except per share data) Prev 1 of 4 !!! Next > Toolbox Inc. Selected Financial Information (amounts in millions except per share data) January 24, 2018 Total current assets $ 2,000 Merchandise inventory 1,757 Property and equipment, net of depreciation 3,348 Total assets 5,780 Total current liabilities 1, 322 Total long-term liabilities 710 Total liabilities 2,032 Total stockholders' equity 3,748 Revenues 15,213 Cost of goods sold 9,625 Gross profit 5, 580 Operating income 983 Earnings from continuing operations before income taxes 945 Income tax expense 385 Net earnings 560 Basic earnings per share $ 1.81 January 25, 2017 $ 1,787 374 2,194 5,008 983 518 1.501 3, 507 11,602 7,497 4, 185 799 709 311 398 1.10 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.) Prey 14 Next > 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 M days + (1) Current ratio 2) Average days to sell inventory (Use average inventory) 03 Debt-to-assets ratio Return on investment (Use average assets and useamings from (4) continuing operations father annet earnings 5) Gross margin percentage (5) Asset turnover (Use average assets) Return on sales (Useemings from continuing operations rather thane amings ) Plantassets to long-term debit moto % 16 times times Next >
