Needing some assistance with computing the following ratios for both companies: Use the year 2014: (round all ratios to xx.x & all percentages to xx.x%). All ratios have been provided as well as all the information in regards to the problem, thank you!

RED SHOE, INC. Consolidated Balance Sheets in millions May 31 2014 2013 Assets Current assets: S634.0 2,101.1 1,514.9 429.9 4,679.9 1,620.8 413.2 S575.5 1,804.1 1373.8 401.3 4,154.7 1614.5 670.8 Cash and cash equivalents Accounts receivable, net of allowance Inventories Other current assets Total current assets Propertv, plant, and equipment, net Other long-term assets Total assets Liabilities and Stockholders' Equit Current liabilities: $205.7 75.4 572.7 1054.2 107.2 2,015.2 708.0 2,723.2 $55.3 425.2 504.4 765.3 83.0 1,833.2 767.8 2,601.0 Current portion of long-term debt Notes payable Accounts payable Accrued liabilities Income taxes pavable Total current liabilities Long-term liabilities Total liabilities Stockholders' equity: 2.8 589.0 0.6 (239.7 3,639.2 3,990.7 2.8 538.7 Common stock Contributed capital in excess of par value Unearned stock compensation Accumulated other comprehensive loss Retained earnings 192.4 3,495.0 3,839.0 Total stockholders' equit Total liabilities and stockholders' equit RED SHOE, INC. Consolidated Statement of Income May 31,2014 in millions S 10,697.0 6,313.6 4,383.4 3,137.6 1,245.8 42.9 79.9 1,123.0 382.9 740.1 266.1 $474.0 Revenues Cost of sales Gross profit Operating expenses Operating income Interest expense Other revenues and expenses Income before tax Income taxes Income before effect of accounting change Cumulative effect of accounting change, net of tax Net income BLUE SHOE, INC. Consolidated Balance Sheets (in millions) Jan. 31 2013 Jan. 31, 2014 Assets Current assets $34.5 15.5 27.2 3.5 80.7 5.7 $22.2 14.7 28.4 4.2 69.5 7.0 Cash and cash equivalents Accounts receivable, net of allowance Inventories Other current assets Total current assets , and equipment, net Property, plant Other long-term assets $78.0 Total assets Liabilities and Stockholders' Equit Current liabilities: Accounts pavable Accrued liabilities $8.5 7.8 16.3 2.5 18.8 $6.6 5.6 12.2 2.6 14.8 Total current liabilities Long-term liabilities Total liabilities Stockholders' equitv: 2.3 17.8 Common stock Contributed capital in excess of par value 2.3 17.4 0.5 Unearned stock compensation Accumulated other comprehensive loss Treasury stock Retained earnings Total stockholders' equit 0.9 6.3 55.9 68.7 S875 5.4 50.7 63.2 S780 Total liabilities and stockholders' equit BLUE SHOE, INC. Consolidated Statement of Income January 31, 2014 in millions $ 133.5 87.3 Revenues Cost of sales Gross profit Operating expenses Operating income Interest expense Other revenues and expenses Income before tax Income taxes Net income 46.2 37.3 8.9 0.3 8.5 3.3 S 5.2 For both companies compute the following ratios for 2014: (round all ratios to ASX & all percentages to XX.X%) (a) Current ratio = Current Assets/Current Liabilities (b) Quick ratio - Cash + Short-Term Investments + Receivables/Current Liabilities (c) Accounts receivable turnover Net Credit Sales or Net Sales/Average Accounts Receivable (d) Inventory turnover- Cost of Goods Sold/Average Inventory (e) Asset turnover-Net Sales/Average Total Assets (f) Times interest earned (Accrual Basis)- Operating Income/Interest Expense (g) Net profit margin percentage = Net Income/Net Sales (h) Operating margin percentage - Income from Operations/Net Sales (i) Gross profit margin percentage -Gross Profit/Net Sales (j) Return on equity -Net Income/Average Equity (k) Debt to equity Total Liabilities/Total Equity (1) Debt to total assets Total Liabilities/Total Assets Answer: Red Shoe Blue Shoe (a) Current ratio (b)Quick ratio (c) Accounts receivable (d) Inventory turnover (e) Asset tumover turnover (f)Times interest earned (g) Net profit margir percentage (h) Operating margin percentage ()Gross profit margin percentage G) Return on equity (k) Debt to equity () Debt to total assets