Answer all the questions (25 marks) The table below shows the financial ratios for two companies those are operate their business in retain industry but different supplies . Ratios ABC LTD XYZ LTD Gross profit ratio 60% 32% Operating profit Ratio 28% 10% Asset turnover Ratio 0.80 times 2.2 times Return on capital employed (ROCE) 22% 22% Current ratio 2.0 1.0 Quick ratio 1.2 0.4 Inventory turnover 4.8 times 10.3 times Trade receivable collection period 41 days 3 days Trade payables payment period 62 days 70 days Gearing 33% 50% Interest cover 16 times 5 times Required; a. Comment upon what the ratios indicate about each business (15 marks) b. One of the business is a super market and the other is a jeweller who supplies some goods on credit to long standing customers. Identify which business is which. (5 marks) financial accounting