The following information was taken from the 2008 annual reports of Walgreens and The Limited (dollars in millions).
![604_b9d3f598-d4a3-4fa3-8a77-e2cb47f8e8ae.png](https://secure.tutorsglobe.com/CMSImages/604_b9d3f598-d4a3-4fa3-8a77-e2cb47f8e8ae.png)
REQUIRED:
Compute the conservatism ratios for both companies and comment on the differences. Which company is more conservative, and why?