8.31 LO4, 5, 6, 7, 9 Selected information for two companies competing in the catering industry have been presented below. Roland Big Event Current assets $110500 $167 900 Non-current assets $250 000 $299 000 Current liabilities $ 58 600 $ 23500 Non-current liabilities $ 89 700 $145 000 Equity $212 200 $298 400 Profit $75 000 $ 53000 Required a. Analyse and compare the liquidity, solvency and profitability ratios of the entities. b. From your calculations in part (a), explain which entity is in a more favourable position