Chapter 14-HOMEWORK 1. Selected balance sheet and income statement information for Odyssey Company follows in millions: Earnings before taxes Average assets Net income Average common stockholders equity $ 566,786 3,637,858 922,555 2,987,548 Calculate the company's return on common stockholders' equity A) 25590 B) 30.88% C) 40.75% D) 52.00% E) 63.96% 2. Selected recent balance sheet and income statement information for the clothing companies: Import Plus and Red Circle Corporation follows: Import Plus (in $000s) S 17,505 42,860 81,897 421,486 765,973 148,806 (118,504) Red Circle Corporation (in millions) S 15,500 20,898 14,358 122,654 72,965 30,694 7,744 1,767 Cash Accounts receivable Inventory Total current liabilities Total liabilities Total equity Pre-tax income (loss) Interest expense Calculate the current ratio for Red Circle Corporation. A) 0.3375 B) 0.4138 C) 0.9680 D) 1.205 E) 2.506