Total stockholders' equity 53:13 Total current assets Merchandise inventory Property and equipment, net of depreciation Total assets Total current liabilities Total long-term liabilities Total liabilities Revenues January 2018 241 $ 16,931 January 23, 2017 $ 10,607 8,360 7,832 14,601 16,350 32,908 33,401 12,979 8,927 12,635 14,575 25,614 23,502 7,294 9,899 66,957 79,384 Cost of goods sold 33,966 31,261 Gross profit 32,991 48,123 ed Operating income 6,003 3,649 Earnings from continuing operations before income taxes 5,246 3,731 Income tax expense 1,406 2,876 Net earnings 3,840 855 Basic earnings per share $ 3.54 $ 2.79 Required a. Compute the following ratios for the companies' 2017 fiscal years (years ending in January 2018): (1) Current ratio. ces (2) Average days to sell inventory. (Use average inventory.) (3) Debt-to-assets ratio. (4) Return on investment. (Use average assets and use "Earnings from continuing operations before income taxes" rather than "net earnings.") (5) Gross margin percentage, (6) Asset turnover. (Use average assets.) (7) Return on sales. (Use "Earnings from continuing operations before income taxes" rather than "net earnings.") (8) Plant assets to long-term debt ratio. b. Which company appears to be more profitable? Identify which ratio(s) from Requirement a you used to reach your conclusion. c. Which company appears to have the higher level of financial risk? Identify which ratio(s) from Requirement a you used to reach your conclusion. d. Which company appears to be charging higher prices for its goods? Identify which ratio(s) from Requirement a you used to reach your conclusion. e. Which company appears to be the more efficient at using its assets? Identify which ratio(s) from Requirement a you used to reach your conclusion.