A3 Venture Company and Pioneer Company are competitors within the same industry. financial statements are listed as follows: Current assets Cash Accounts receivable Inventories Total current assets Fixed assets (net) Total assets Current Liabilities Long-term liabilities Total liabilities Stockholders' equity Common stock Retained earnings Total stockholders' equity Balance sheet as at Dec 31st 2019 Venture Pioneer $ $ 22,900 35,400 38,100 47,200 70.200 39.200 131,200 121,800 1,057,600 1,287,000 1,188,800 1,408,800 92,700 68,400 782,900 787,800 875,600 856,200 Total liabilities and stockholders' equity 40,000 300,000 273,200 252,600 313,200 552,600 1,188,800 1,408,800 Income Statement for the year ending Dec 31st 2019 Venture Pioneer $ $ Net sales 1,507,900 1,990,000 Cost of goods sold (301,580) (417,900) Operating expenses (952.820) (1,272,100) Income before interest and tax 253,500 300,000 Interest (84,000) (90,000) Income tax (74,500) (81,000) Net income 95,000 129,000 Additional information for year ending 2019 Number of common shares outstanding Venture 40,000 Pioneer 30,000 (b) For each of the two companies, give brief comments (within 30 words) on their liquidity performance. (2 marks) (c) For each of the two companies, give brief comments (within 70 words) on their assets management efficiency. (3 marks) (d) For each of the two companies, give brief comments (within 100 words) on their financing capital structure. (4 marks) (e) For each of the two companies, give brief comments (within 50 words) on their profitability performance. (2 marks)