FenderGlbson Company Company Fender Company Company Gibson Data from the current year-end balance sheets Assets Cash Accounts recelvable, net Current notes recelvable (trade) Merchandise Inventory Prepaid expenses Plant assets, net Total assets Data from the current year's income statement Sales $ 800,000 $ 898,200 593,100 640,500 14,000 24,797 183,023 218,903 4.64 3.94 $ 22,000 $ 38,000 Cost of goods sold 36,400 60,400 Interest expense 8,500 15,377 9,100 7,800 Income tax expense 84,340 6,000 370,000 42,500 Net Incomee 7,750 Basic earnings per share 5.38 3.73 307,400 527,840 $563,850 Cash dividends per share Beginning-of-year balance sheet data Accounts receivable, net Liabilities and Equity Current llabilitles Long-term notes payable Common stock, $5 par value Retalned earnings Total liablities and equity $ 29,800 $ 53,200 0 57,600 109,400 398,000 402,500 170,000 236,000 95,615 $ 64,340 $ 96,300 Current notes recelvable (trade) 0 82,800 103,000 Merchandise Inventory 70,000 236,000 Total assets 210,700 128,550 Common stock, $5 par value $ 527,840 $563,850 Retalned earnings 154,497 Required 1.1 For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts (including notes) receivable turnover, (d) inventory turnover, (e) days' sales in inventory, and (f days' sales uncollected. (Do not round intermediate calculations.) Current Ratio Company Choose Numerator: Choose Denominator:Current Ratico Current ratio Fender to 1 Gibson to 1 cid-Test Ratio Company Choose Numerator: Choose Denominator:Acid-Test Ratio Acid-test ratio Fender to 1 Gibson to 1 ccounts Receivable Turnover Company Choose Numerator: Choose Denominator: Accounts Receivable Turnover Accounts receivable turnover Fender times Gibson times Inventory Turnover Company Choose Numerator: I Choose Denominator: - Inventory Turnover Inventory turnover Fender times Gibson times ays' Sales in Inventory Company Choose Numerator: Choose Denominator:Days Days' Sales in Inventory Days' sales in inventory Fender days days Gibson Days' Sales Uncollected Choose Denominator:Days Company Choose Numerator: Days' Sales Uncollected Days' sales uncollected Fender days Gibson days 2.1 For both companies compute the (a) profit margin ratio, (b) total asset turnover, (c) return on total assets, and (d) return on common stockholders' equity. Assuming that each company's stock can be purchased at $105 per share, compute their (e) price earnings ratios and (f) dividend yields. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Profit Margin Ratio Company Choose Numerator: 1 Choose Denominator: Profit margin ratio Profit margin ratio Fender Gibson Total Asset Turnover Company Choose Numerator: I Choose Denominator: lotal Asset lurnover - Total asset turnover times times Fender Gibson eturn on Total Asset Company Choose Numerator: I Choose Denominator: Return on Total Assets Return on total assets Fender Gibson Return On Common Stockholders' Equity Company Choose Numerator: Choose Denominator - Return On Common Stockholders' Equity - Return On common stockholders' equity Fender Gibson Price-Earnings Ratio Choose Denominator:Price-Earnings Ratio Company Choose Numerator: Price-earnings ratio Fender times Gibson times Dividend Yield Company Choose Numerator: Choose Denominator: Dividend Yield Dividend yield Fender Gibson