Bob's Shoes and Brown's Boots are two organisations operating in the team industry The table below provides selected information from the income Statements and Balance Sheets for the last two financial years. The companies have made a similar profit. Your task is to use ratio analysis to make a more detailed comparison of their relative financial position and performance. Current Assets Non current assets Current liabilities Non-current liabilities Owner's Equity Bob's Shoes 2018 2019 ST10 500 S101 000 $250 000 3245 000 SSR 600 $60 100 595 800 590 600 5206 100 $195 060 5167900 5299 000 $23 300 5143 000 $300 400 97860 525 00 S147 000 1 600 $40 000 550.000 $75 000 176 000 Additional information Inventory (included in Current assets) Profit (included in Owner's equity $70 000 571 000 568 000 10 000 Financial Information for 2017 Total Owner's equity Total Assets Bob's Shoes $200 000 $300 SOD Brown's Boots S250 000 $410 000 Required: 570 000 Financial Information for 2017 Bobs Shoes 5200 000 310000 Total Orquity Total Assets Required: c. Using your calculations from (a) and (b) compare the two organisations with reference to liquidity and profitability. Your answer should also include an explanation of the four ratios used in your calculations Bob's Shoes and Brown's Boots are two organisations operating in the retail industry The table below provides selected information from their income Statements and Balance Sheets for the last two financial years. The companies have made a similar profit. Your task is to use ratio analysis to make a more detailed comparison of their relative financial position and performance. Brown's Boots Current assets Non-current assets Current liabilities Non-current liabilities Owner's Equity Bob's Shoes 2018 2019 S110 500 5101 060 $250 000 $245 000 $58 600 $60 400 $95 800 590 600 $206 100 $195 060 $161 900 5299 000 523 500 5143 000 $300 400 5159 100 5295 000 52501 5167 000 577) 660 $40 000 $50 000 $75 000 $76 000 Additional information Inventory (included in Current assets) Profit (included in Owner's equity $71 000 568 000 570 000 $70 000 Financial Information for 2017 Bob's Shoes $200 000 $300 500 Browns Boots $250 000 $410 000 Total Owner's equity Total Assets Required: idit for each year 2018 and 50 000 S0000 Additional information Inventory (included in Current assets) Profit (included in Owner's equity 570 000 Financial Information for 2017 Brown's Boots Total Owner's equity Total Assets Bob's Shoes $200 000 $300 500 Required: a. Use two ratios to calculate each organisation's liquidity for each year (2018 and 2019)