Question: Exercise 6-21A (Algo) Performing ratio analysis using real-world data LO 6-11 Heatwave Gaming develops, markets, and publishes electronic games. ZipTrain is one of the largest

Exercise 6-21A (Algo) Performing ratio analysis using real-world data LO 6-11 Heatwave Gaming develops, markets, and publishes electronic games. ZipTrain is one of the largest rallway networks in the nation, with over 27,000 miles of rallroads. The following data were taken from each of the companles' December 31, 2017, annual reports. Revealing which data relate to which company was Intentionally omitted. The dollar amounts are in millions. Required a. Calculate depreclation costs as a percentage of sales for each company. Note: Round your percentage answers to 2 declmal places (I.e., 0.0123 is entered as 1.23% ). b. Calculate property, plant, and equlpment as a percentage of total assets for each company. Note: Round your percentage answers to 2 decimal places (I.e., 0.0123 is entered as 1.23% ). c. Based on the Information now avallable to you, which company Is ZipTrain? d. Which company appears to be using its assets most efficlently
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
