Selected financial data of two intense competitors in a recent year are presented below in millions of dollars.

\section*{Instructions}

(a) For each company, compute the following ratios:
(1) Current (7) Return on common stockholders' equity (2) Receivables turnover (8) Debt to total assets (3) Inventory turnover (9) Times interest earned (4) Profit margin (10) Current cash debt coverage (5) Asset turnover (11) Cash return on sales (6) Return on assets (12) Cash debt coverage

(b) Compare the liquidity, profitability, and solvency of the two companies.

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Net sales Cost of goods sold Bethlehem Steel Corporation Income Statement Data for Year Selling and administrative expenses Interest expense Other income (net) Income taxes Net income Inland Steel Company $4,819 4,548 $4,497 3,991 137 265 46 72 7 0 14 62 $ 81 $ 107 Balance Sheet Data (End-of-Year) Current assets $1,569 $1,081 Property, plant, and equipment (net) 2,759 1,610 Other assets 1,454 662 Total assets 5,782 3,353 Current liabilities 1,011 565 Long-term debt 3,615 2,056 Total stockholders' equity 1,156 732 Total liabilities and stockholders' equity $5,782 $3,353