Conduct a financial analysis of Hero Moto Corp and Bajaj Auto Ltd. using the ratios calculated and describe what you observe about Hero Moto Corp's performance as well as the performance of its competitor. Explain possible causes for differences in performance and discuss implications for Hero Moto Corp.

In your analysis, you should also discuss whether, according to their financial performance, Hero Moto Corp should be concerned about Bajaj Auto Ltd.

Your analysis should have bibliography.

If you use information that is not included in the financial statements but elsewhere in the company's annual report (e.g., notes) or in external sources, please cite the exact location and source of this information.

Hero Moto corp Bajaj Auto Ltd

1. 1. Return on capital employed 26% 32%
2. 2. Return on sales 13% 22%
3. 3. Asset utilization ratio 1.53 1.21
4. 4. Gross profit margin 0.31 0.35
5. 5. Current ratio2.08 1.55
6. 6. Gearing 0.32 0.24
7. 7. Interest cover 176.94 2082.34
8. 8. Stock days 26.4 28.13
9. 9. Current trade receivables days* 20.29 Days 21.05 Days
10. 10. Current trade payables days* 55.52 Days 59.93 Days
11. 11. Return on equity. 0.25 0.26
12. 12. quick ratio 1.8 1.3

Ratios are here as well- https://shared-assets.adobe.com/link/83b0e5ea-bbf8-445b-6351-fae8e37c0bc4