Hi experts, please help with this question with step by step explanation. Thank you.

The table below shows the ratios for two companies. Unfortunately, the accounts clerk who computed the ratios made an error and is now unsure of the identities of the two companies. Possible candidates are: a bubble tea company, a sporting shoe and apparel retailer, and a heavy equipment manufacturer. Interpret the ratios in the table above to identify the two (2) companies and briefly discuss one (1) reason (b) Ratios are often used to compare the performance of companies. Briefly discuss two (2) reasons why ratios may not be appropriate for use in making comparisons between two companies. (c) Xavier the CEO of XYZ Company owns 70% of the shares. He makes the following statement: Since I own such a large amount of shares in the company, any decision I make is always in the best interests of the shareholders.

Appraise the statement and discuss whether you agree with Xavier or not.

COMPANY 1 2 0.1 0.3 Debt-equity Inventory Turnover Current Ratio 60.0 15.0 0.5 0.9 Sales/Total Assets 15.0 8.0 Sales/Receivables 90.0 60.6 COMPANY 1 2 0.1 0.3 Debt-equity Inventory Turnover Current Ratio 60.0 15.0 0.5 0.9 Sales/Total Assets 15.0 8.0 Sales/Receivables 90.0 60.6