The following information relates to Handy Tool Corp., and Toolbox Inc. for their 2018 and 2017 fiscal years. Handy Tool

[answerhappygod]

The Following Information Relates To Handy Tool Corp And Toolbox Inc For Their 2018 And 2017 Fiscal Years Handy Tool 1 (87.12 KiB) Viewed 50 times

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, January 29, 2018 2017 Total current assets $ 10,830 $ 9,955 Merchandise inventory 9,206 8,965 Property and equipment, net of depreciation 20,163 19,847 Total assets 35,707 33,014 Total current liabilities 14,146 12,870 Total long-term liabilities 15,434 14,862 Total liabilities 29,580 26,932 Total shareholders' equity 6,127 6,082 Revenue 122,118 110,984 Cost of goods sold 96,032 88,891 Gross profit 26,886 22,813 Operating income 3,532 3,872 Earnings from continuing operations before income tax expense 2,616 2,574 Income tax expense 1,815 847 Net earnings 1,6e1 1,727 Basic earnings per share $ 1.60 $ 1.73 Toolbox Inc. Selected Financial Information (amounts in millions except per share data) January 24, 2018 Total current assets $ 2,000 Merchandise inventory 1,793 Property and equipment, net of depreciation 3,417 Total assets 5,896 Total current liabilities 1,410 Total long-term liabilities 757 Total liabilities 2,167 Total stockholders' equity 3,729 Revenues 15,425 Cost of goods sold 19,266 Gross profit 5,159 Operating income 1,649 Earnings from continuing operations before income taxes 962 Income tax expense 412 Net earnings 550 Basic earnings per share $ 1.77 January 25, 2017 $ 2, 240 469 2,751 6, 278 1,233 649 1,882 4,396 14,642 9, 396 5, 246 1.ee 913 388 525 $ 1.47 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 ratlo" to 2 decimal places and "Average days" to nearest whole number. Round all other answers to 1 decimal place.) HANDY TOOL TOOLBOX days % days % 96 96 (1) Current ratio (2) Average days to sell inventory (Use average inventory.) (3) Debt-to-assets ratio Return on investment (Use average assets and use "earnings from continuing operations" rather than "net earnings.") (5) Gross margin percentage (6) Asset turnover (Use average assets.) (7) Return on sales (Use earnings from continuing operations' rather than "net earnings.) (8) Plant assets to long-term debt ratio 96 % times times % %