Selected financial data for Stanley Black & Decker, Inc. and Snap-On Tools for 2009 are presented here (in millions). Stanley Black & Decker Snap-On Tools Income Statement Data for Year Net sales $3,737.1 $2,420.8 Cost of goods sold 2,228.8 1,345.7 Selling and administrative expenses 1,208.2 824.4 Interest expense 63.7 47.7 Other income (loss) 42.4 (6.1) Income tax expense 54.5 62.7 Net income $ 224.3 $ 134.2 Balance Sheet Data (End of Year) Current assets $1,411.9 $1,676.1 Property, plant, and equipment (net) 575.9 347.8 Other assets 2,781.3 1,423.5 Total assets $4,769.1 $3,447.4 Current liabilities $1,192.0 $ 739.9 Long-term debt 1,591.0 1,417.5 Total stockholders equity 1,986.1 1,290.0 Total liabilities and stockholders equity $4,769.1 $3,447.4 Beginning-of-Year Balances Total assets $4,866.6 $2,710.3 Total stockholders equity 1,706.3 1,186.5 Current liabilities 1,193.2 547.5 Total liabilities 3,160.3 1,523.8 Other Data Average receivables (net) $ 604.9 $ 612.7 Average inventory 440.5 316.9 Net cash provided by operating activities 539.4 347.1 Capital expenditures 72.9 64.4 Cash dividends 103.6 69.0 Instructions (a) For each company, compute the following ratios. (1) Current ratio. (2) Receivables turnover. (3) Average collection period. (4) Inventory turnover. (5) Days in inventory. (6) Profit margin. (7) Asset turnover. (8) Return on assets. (9) Return on common stockholders equity. (10) Debt to total assets. (11) Times interest earned. (12) Current cash debt coverage. (13) Cash debt coverage. (14) Free cash flow.
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