Below is the summary information from the financial statements of two computies competing in the same industry: Income Statement for the year ended 31 December 2021 Panda Koala Company Company 5:090 770,000 80,200 $39.100 $89,400 230,900 290,800 46,000 43,100 7.900 13.000 234,700 14,800 24.300 162.200 219.400 $4.51 55.11 Balance Sheet as at 31 December 2021 Panda Company SOOD 19.500 37,400 9.100 84,440 5,000 290,000 445,440 61,340 80,800 180,000 123.300 445,440 Sales Cost of goods sold Gross profit Operating expenses Interest expense Net profit before tax Income tax expense Net profit after tax Basic earnings per share Asacts Cash Accounts receivable Notes receivable (trade & current) Merchandise inventory Prepaid expenses Property, plant and equipment Total Assets Liabilities and Equity Current liabilities Notes payable (long-term) Share capital Retained earnings Total Liabilities and Equity Beginning-of-year balances January 2021) Accounts receivable Notes receivable (trade & current) Merchandise inventory Total assets Share capital Retained earnings Additional information: Dividend paid (per share) Current market price (per share) 29,800 0 55,600 398,000 180,000 98,300 $3.50 $75 Keals Company $199 34,000 57,400 7,200 132.500 6,950 304,400 $542.450 93,300 101,000 142.150 542,450 54,200 0 107,400 382.500 206,000 $3.55 $70 (2) Calculate and compare the following financial ratios/amounts for both companies (two decimal places for all ratios except for dollar amounts and number of days with no decimal place): (a) Liquidity Working capital Current ratio Quick/acid-test ratio Debt ratio Debt-to-equity ratio Time interest earned Accounts (and notes) receivable turnover Days' sales in receivables (average collection period) Inventory turnover Days' sales in inventory Total asset turnover Gross profit margin Net profit margin Return on total assets . Return on equity Price-earnings (P/E) ratio Dividend yield (3) Based on the ratio analysis in (2) above, evaluate the financial health of both companies in respect of their liquidity, solvency, efficiency, profitability, and market perspective. (b) Solvency (c) Efficiency (d) Profitability (e) Market perspective