Mary's Marketplace is comparing her financial statements with her competitor, Mica's Main Grocery. Both Mary and Mica are in their first year of operations, and their only source of revenue is from Net Sales. The following consolidated financial data is provided for both companies.

Mary's Marketplace

Current Assets	$30,000
Total Assets	$100,000
Current Liabilities	$20,000
Total Liabilities	$70,000
Shareholder's Equity	$30,000
Net Sales	$300,000
Cost of Goods Sold	$160,000
Total Expenses (Including COGS)	$220,000

Mica's Main Grocery

Current Assets	$90,000
Total Assets	$200,000
Current Liabilities	$100,000
Total Liabilities	$150,000
Shareholder's Equity	$50,000
Net Sales	$500,000
Cost of Goods Sold	$230,000
Total Expenses (Including COGS)	$300,000

Using the following information, determine which of the two companies has higher...

• Working Capital [ Select ] ["Mary's Marketplace", "Mica's Main Grocery"]
• Current Ratio [ Select ] ["Mary's Marketplace", "Mica's Main Grocery"]
• Return on Assets [ Select ] ["Mary's Marketplace", "Mica's Main Grocery"]
• Gross Profit Percentage [ Select ] ["Mary's Marketplace", "Mica's Main Grocery"].

Answer rating: 100% (QA)

Answer Lets calculate each of the metrics for both Marys Marketplace and Micas Main Grocery Working ... View the full answer