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 mlles 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. Company 1 Company 2 Sales $20,640 $5,250 Depreciation costs 2,865 138 Net earnings 10,862 1,013 Current assets 3,506 5,684 Property, plant, and equipment 51,305 8,214 Total assets 57,806 16,181 Required a. Calculate depreciation costs as a percentage of sales for each company. Note: Round your percentage answers to 2 dec
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