Access the Data Analytic worksheet at www.wiley.com/go/pratt/financialaccounting11e.
a. Create a table that compares the performance of Caterpillar and AGCO, competing firms in the farm and construction industry, on inventory turnover and cost of goods sold as a percent of sales for 2018 and 2017.
b. For the two companies, link your analysis in (a) to return on assets and return on equity through the effects on total asset turnover and return on sales.