The following information is available from the annual reports of Marin Company - 19257

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The following information is available from the annual reports of Marin Company and Nance Company: amounts in millions marin nance sales 26,510 34512 gross profit 6,610 8,887 net income 565 1271 current assets 11712 28447 beginning total assets 17102 33130 ending total assets 22088 36167 current total assets 7966 14950 total liabilities 16136 31222 average common shares outstanding 125 240 preferred stock dividends paid 0 0 Instructions (a) For each company, compute the following ratios: I. Current ratio II. Debt to total assets ratio III. Earnings per share (b) Based on your calculations, discuss the relative liquidity, solvency, and profitability of the two companies.

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