Victoria Ltd. and Halifax Ltd. are both engaged in retailing, but they seem to approach it differently, according to the following information:

Required:
Describe what this information indicates about the differences in approach between the two businesses. If one of them prides itself on personal service and one of them on competitive prices, which do you think is which, and why?

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Victoria Ltd. Halifax Ltd Ratio Return on capital employed (ROCE) Return on equity (ROE) Average collection period for receivables Average payment period for payables Gross profit margin Operating profit margin Inventory turnover period 20% 30% 63 days 50 days 40% 10% 2 days 17% 18% 21 days 45 days 15% 10% 25 days