Problem 3-5 Leases, Pensions, and Recivables Securitization SELECTED FINANCIAL DATA AS OF MARCH 31, 2006 ($ millions) JDS MLS Sales $21,250,000...

Westfield Capital Management Company’s equity investment strategy is to invest in companies with low price-to-book ratios, while taking into account differences in solvency and asset utilization. Westfield is considering investing in the shares of either Jerry’s Department Stores (JDS) or Miller Stores (MLS).a. Calculate each of the following ratios for both JDS and MLS. Use only the financial data in attachment. (1) Price-to-book ratio(2) Total-debt-to-equity ratio(3) Fixed-asset utilization (turnover)