2 Caf Hello and Bubble Tea are two companies of similar size operating in the food services industry. The summarized Income Statement and Statement of Financial Position for the year ended 31 March 20X2 are presented as follows. Income Statement for the year ended 31 March 20X2 Caf Hello Bubble Tea 000 000 Revenue Cost of sales 12,600 19,500 (5,700) (7,800) Gross profit 6,900 11,700 Operating expenses (2,250) (4,200) Operating profit 4,650 7,500 Finance costs (=interest payable) (150) (300) Profit before tax 4,500 7,200 Taxation (900) (1,200) Net profit for the period 3,600 6,000 Statement of Financial Position as at 31 March 20X2 Caf Hello Bubble Tea 000 000 Non-current assets 12,600 8,700 Current assets Inventories 2,100 2,400 Trade receivables 3,150 2,400 Other current assets 150 600 Total assets 18,000 14,100 Equity Share capital 180 180 Retained earnings 13,020 8,220 Non-current liabilities Loans 1,680 2,700 Current liabilities Trade payables 3,120 3,000 Total equity and liabilities 18,000 14,100 Required 2.1) Based on the information in the statements provided, calculate the following ratios for both companies. You need to present your workings and show the ratios to 2 decimal places. i.Gross profit margin ii.Return on capital employed iii. Current ratio iv.Acid test ratio v.Receivable days vi.Payable days vii.Inventory turnover (14 Marks) 2.2) Based on the ratios you calculated in (2.1), compare the operating performance of the two companies. Your analysis needs to cover each ratio category. (16 Marks) (maximum 480 words)