Question 2 (10 marks) Part (a) (4 marks) 'Pets Are Us Ltd' and 'Small Animals Lt are competitors in the pet industry (i.e. they both have Pet Shops). Complete a vertical analysis on each of the businesses below and based on your findings make a recommendation and justification, include 2 points from the data, as to the best performing business. All answers must be rounded to 2 decimal places. Vertical Analysis Pets Are Us Ltd % Small Animals Ltd % Salese 376,000 175,000 Cost of Sales 169,200 105,000 Gross Profite 206,8004 70,000 e C Total Operating Expenses 125,000 45,000 EBITA 81,800 25,000 e Interest Expense 23,000 2,000 e Profit before income taxe 58,800 23,000 e Income tax expense 17,000 7,000 e Profit 41,800 16,000 e