Question: Condensed financial statements for Alpha Corp. and
Condensed financial statements for Alpha Corp. and Omega Corp. for 2022 follow: 
INSTRUCTIONS 1. Compute the following ratios for each company (rounding to 2 decimal places when appropriate): a. Rate of return on net sales b. Rate of return on total assets at end of year c. Rate of return on stockholders’ equity at end of year d. Earnings per share of common stock e. Ratio of stockholders’ equity to total equities f. Current ratio g. Asset turnover h. Book value per share of common stock 2. Comment on the similarities and differences in the ratios computed for the two companies, pointing out the major factor that causes differences. 3. In which corporation would stock ownership be riskier? Explain. 4. Would you consider the extension of short-term credit to Alpha Corp. or Omega Corp. riskier? Explain. Analyze: What percentage of net sales was expended for operating expenses by Alpha Corp.? By Omega Corp.?
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