The Following Information Is Available from the Annual Reports of Marin

The following information is available from the annual reports of Marin Company and Nance Company. $\begin{array}{lc}\text { } & {(amounts in millions)} \\\text { } & \underline{\text{ Marin }} & \underline{\text{ Nance }} \\\text { Sales } & \$26,510 & \$34,512 \\\text { Gross profit } & 6,610 & 8,887 \\\text { Net income } & 565 & 1,221 \\\text { Current assets } & 13,712 & 28,447 \\\text { Beginning total assets } & 17,102 & 33,130 \\\text { Ending total assets } & 22,088 & 36,167 \\\text { Current liabilities } & 7,966 & 13,950 \\\text { Total liabilities } & 16,136 & 29,222 \\\text { Average common shares outstanding } & 250 & 480 \\\text { Preferred stock dividends paid } & -0- & -0- \\ \end{array}$ Instructions
(a) For each company, compute the following ratios:
1. Current ratio
2. Debt to assets ratio
3. Earnings per share
(b) Based on your calculations, discuss the relative liquidity, solvency, and profitability of the two companies.