hi i need help. tq Below are the selected financial data of Edgewater Company and Ritter Company for theyear ended 2014 (in millions).EdgewaterRitterIncome Statement Data for YearNet sales$1,356.0776.3Cost of goods soldSelling and administrative expensesInterest expenseOther income (expense)Income tax expense$1,436.5771.7605.50.1.5380.60.19.063.619.7Net income$ 144.440.0Statement of FinancialPosition DataEnd of Year)$ 885.7$ 617.2219.1Current assetsNoncurrent assets280.8Total assets$1,166.5$ 836.3$ 166.5$ 218.0Current liabilitiesLong-term debtTotal stockholders' equity29.941.1970.1577.2Total liabilities and stockholders' equity$1,166.5$ 836.3Beginning-of-Year Balances$1,027.3Total assets$860.4Total stockholders' equity830.7561.7Current liabilities187.9285.6Total liabilities196.6298.7Other DataAverage net accounts receivableAverage inventoryNet cash provided by operating activitiesCapital expendituresDividends$293.2$196.1194.3239.1124.538.634.330.520.9-0-Required:a) For each company, compute the following ratios:(i)(ii)(iii)(iv)(v)(vi)(vii)(viii) Debt to total assets ratio(ix)Current ratioAccounts receivables turnoverAverage collection periodInventory turnoverDays in inventoryNet profit marginReturn on assetsTimes interest earnedb) Comment on the liquidity, solvency and profitability of the two companies.

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Below are the selected financial data of Edgewater Company and Ritter Company for the year ended 2014 (in millions). Edgewater Income Statement Data for Year Ritter Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense $1,356.0 $1,436.5 771.7 776.3 380.6 605.5 0.1 .5 0.1 9.0 63.6 19.7 Net income $ 144.4 $ 40.0 Statement of Financial Position Data End of Year) $ 617.2 219.1 $ 836.3 $ 218.0 $ 885.7 280.8 Current assets Noncurrent assets Total assets $1,166.5 $ 166.5 29.9 Current liabilities Long-term debt Total stockholders' equity 41.1 970.1 577.2 Total liabilities and stockholders' equity $1,166.5 $ 836.3 Beginning-of-Year Balances Total assets $1,027.3 $860.4 Total stockholders' equity Current liabilities Total liabilities 830.7 187.9 561.7 285.6 196.6 298.7 Other Data Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures Dividends $293.2 239.1 $196.1 194.3 124.5 38.6 34.3 30.5 20.9 -0- Required: a) For each company, compute the following ratios: (i) (ii) (iii) Current ratio Accounts receivables turnover Average collection period

Below are the selected financial data of Edgewater Company and Ritter Company for the year ended 2014 (in millions). Edgewater Income Statement Data for Year Ritter Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense $1,356.0 $1,436.5 771.7 776.3 380.6 605.5 0.1 .5 0.1 9.0 63.6 19.7 Net income $ 144.4 $ 40.0 Statement of Financial Position Data End of Year) $ 617.2 219.1 $ 836.3 $ 218.0 $ 885.7 280.8 Current assets Noncurrent assets Total assets $1,166.5 $ 166.5 29.9 Current liabilities Long-term debt Total stockholders' equity 41.1 970.1 577.2 Total liabilities and stockholders' equity $1,166.5 $ 836.3 Beginning-of-Year Balances Total assets $1,027.3 $860.4 Total stockholders' equity Current liabilities Total liabilities 830.7 187.9 561.7 285.6 196.6 298.7 Other Data Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures Dividends $293.2 239.1 $196.1 194.3 124.5 38.6 34.3 30.5 20.9 -0- Required: a) For each company, compute the following ratios: (i) (ii) (iii) Current ratio Accounts receivables turnover Average collection period

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 56P: The following selected information is taken from the financial statements of Arnn Company for its...

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