ABC Ltd. XYZ Ltd. 2020 2019 2020 2019 Total assets $590,000 $580,000 $2,500,000 $ 2,300,000 Current liabilities $50,000 $40,000 $220,000 $300,000 Long-term liabilities $80,000 $100,000 $580,000 $500,000 Shareholders' equity $460,000 $440,000 $1,700,000 $1,500,000 Net income $50,000 $300,000 Formulas Return on assets ratio = Net income" divided by "Average total assets" Return on equity ratio = "Net income divided by "Average shareholders equity" Required: Calculate the 2020 return on assets ratio and the return on equity ratio for both companies. Write a brief explanation of their relative performance