b) JB Hi-Fi (JBH) and Kogan (KGN) are two ASX listed retail businesses from Consumer Discretionary sector. The following table provides the time series of key financial ratios for these two companies. JBH KGN Ratios 2019 2020 2021 2019 2021 Net Profit Margin 3.52% 3.99% 5.76% 3.98% 5.45% 0.56% EBIT Margin 5.27% 6.37% 8.44% 5.50% 8.05% 1.67% ROE 23.92% 28.60% 39.26% 33.74% 16.35% 2.40% ROA 10.19% 10.84% 16.31% 14.88% 9.78% 1.14% Asset Turnover 2.78 2.51 2.74 3.65 1.76 1.76 Inventory Turnover 8.00 10.71 9.50 5.70 4.36 3.40 Debt to Equity Ratio (D/E) 42.06% 67.07% 48.25% 2.45% 1.49% 51.10% Current Ratio 1.38 0.93 1.07 1.68 2.32 2.04 Quick Ratio 0.42 0.38 0.38 0.52 1.34 0.63 Price/Book Value 2.84 4.47 4.44 8.73 9.29 6.83 Days Receivables 3.34 2.68 2.36 4.10 3.85 2.39 Days Inventory 45.61 34.08 38.43 64.00 83.73 107.27 Based on the ratios provided in the table above, compare and comment on the tends of i) Profitability ii) Asset Management (or Asset Utilisation) iii) Short term liquidity for JB Hi Fi and Kogan. Justify your comments based on the ratios provided. 2020 b) JB Hi-Fi (JBH) and Kogan (KGN) are two ASX listed retail businesses from Consumer Discretionary sector. The following table provides the time series of key financial ratios for these two companies. JBH KGN Ratios 2019 2020 2021 2019 2021 Net Profit Margin 3.52% 3.99% 5.76% 3.98% 5.45% 0.56% EBIT Margin 5.27% 6.37% 8.44% 5.50% 8.05% 1.67% ROE 23.92% 28.60% 39.26% 33.74% 16.35% 2.40% ROA 10.19% 10.84% 16.31% 14.88% 9.78% 1.14% Asset Turnover 2.78 2.51 2.74 3.65 1.76 1.76 Inventory Turnover 8.00 10.71 9.50 5.70 4.36 3.40 Debt to Equity Ratio (D/E) 42.06% 67.07% 48.25% 2.45% 1.49% 51.10% Current Ratio 1.38 0.93 1.07 1.68 2.32 2.04 Quick Ratio 0.42 0.38 0.38 0.52 1.34 0.63 Price/Book Value 2.84 4.47 4.44 8.73 9.29 6.83 Days Receivables 3.34 2.68 2.36 4.10 3.85 2.39 Days Inventory 45.61 34.08 38.43 64.00 83.73 107.27 Based on the ratios provided in the table above, compare and comment on the tends of i) Profitability ii) Asset Management (or Asset Utilisation) iii) Short term liquidity for JB Hi Fi and Kogan. Justify your comments based on the ratios provided. 2020