Selected financial data for Black & Decker and Snap-On Tools for 2007 are presented here (in millions).

Instructions
(a) For each company, compute the following ratios.
(1) Current ratio.
(2) Receivables turnover.
(3) Average collection period.
(4) Inventory turnover.
(5) Days in inventory.
(6) Profit margin.
(7) Asset turnover.
(8) Return on assets.
(9) Return on common stockholders' equity.
(10) Debt to total assets.
(11) Times interest earned.
(12) Current cash debt coverage.
(13) Cash debt coverage.
(14) Free cash flow.
(b) Compare the liquidity, solvency, and profitability of the twocompanies.

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Black & Decker Snap-On Tools Income Statement Data for Year Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income Income tax expense (benefit) Net income (before irregular items) $6,563.2 4,336.2 1,644.8 102.1 17.5 (20.5) $2,841.2 1,574.6 964.2 46.1 17.4 92.5 $181.2 518.1 Balance Sheet Data (End of Year) Current assets Property, plant, and equipment (net) Other assets Total assets $2,839.5 596.2 1,975.2 $5,410.9 $1,187.4 304.8 1,272.9 $2,765.1 Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity $1,880.8 2,071.4 1,458.7 $5,410.9 639.2 845.8 1,280.1 $2,765.1 Beginning-of-Year Balances Total assets Total stockholders' equity Current liabilities Total liabilities $5,247.7 1,163.6 1,779.6 4,084.1 $2,654.5 1,076.3 682.0 1,578.2 Other Data Average receivables (net) Average inventory Net cash provided by operating activities Capital expenditures Cash dividends $1,129.5 1,104.7 725.9 116.4 108.6 $573.1 322.7 231.1 61.9 64.8