There are two companies, Target, and Tiffany & Company. Look up financial information to compute two ratios; 1. the PPE ratio and 2. PPE as a % of Total Assets. The formulas are listed below.

1. PPE ratio = Sales / Net PPE
2. PPE as a % of Total Assets = Net PPE / Total Assets

Target-

Net Revenue Sales: 78,112,000

Total Assets: 42,779,000

Net PPE: 28,519,000

Tiffany & Co.-

Net Revenue Sales: 4,424,000

Total Assets: 6,660,100

Net PPE: 2,201,500

You will use Yahoo Finance to get the most recent year-end financial statements to compute the ratios. You will need 3 amounts;

• Total revenues (sales) (Income Statement)
• Total Assets (Balance Sheet)
• Net PPE - Property, Plant and Equipment (Balance Sheet)

Instructions:

• List your company and show your computations for each ratio (don't just give the result, list the numbers used in the formulas).
• Briefly comment on the results and the difference between the two companies/industries.