The table below reports various financial ratios for two Australian Airlines; Qantas Airways, and Alliance Aviation Services for three years (2019, 2020, 2021).

	Qantas			Alliance			Industry
							Average
	2019	2020	2021	2019	2020	2021	(Given)
Interest coverage ratio	3.23	-10.99	-9.00	12.88	15.87	19.17	6.51
Return on asset %	4.69	-9.97	-9.12	7.93	7.32	6.45	0.64
Return on equity %	24.12	-79.26	-169.74	13.92	11.96	11.18	-15.79
Return on invested capital (ROIC)	0.22	-1.02	-1.42	0.16	0.12	0.1	0.68
Operating margin %	9	2.8	-25.7	12.67	14.56	16.61	-7.93
Net profit margin %	5.06	-13.97	-30.2	8.2	9.05	10.91	-2.68
Quick ratio	0.42	0.56	0.41	0.89	2.16	1.31	0.74
Current ratio	0.46	0.6	0.45	1.77	2.98	2.61	1.05
Inventory turnover	39.72	37.98	24.4	5.54	5.6	4.26	22.84
Asset turnover	0.93	0.71	0.31	0.97	0.81	0.59	0.72
Working capital turnover	-4.09	-3.41	-1.39	5.8	3.27	2.5	0.37
Debt to asset ratio %	0.1	0.43	0.46	0.2	0.14	0.3	0.3
Debt to equity ratio %	2.29	5.59	15.95	0.36	0.22	0.58	2.76
Long term debt to total assets %	0.28	0.36	0.38	0.19	0.11	0.29	0.25

Question:

1.From the ratios calculated in Q1, analyze the profitability and efficiency of the two companies for the relevant years (use three ratios each for profitability and efficiency). Consider industry averages when formulating your analysis. 2. If you were contemplating an investment in any of these two airline companies, identify what other information (non-financial) would assist your investment decision and why this information (two) are important to you.