^^^ i need the answer tq

The following information is available from the financial reports of King Company and Donald Company. King Company Donald Company Sales 26,510,000 34,512,000 Gross profit 6,610,000 8,887,000 Net income 565,000 1,221,000 Current assets 13,712,000 28,447,000 Total assets 22,088,000 36,167,000 Current liabilities 7,966,000 13,950,000 Total liabilities 10,100,000 29,222,000 Required: (1) For each company, compute the following ratios: (Round up your answers to two decimal points) 1. Current ratio 2. Debt to assets ratio 3. Net profit margin (12 marks) (ii) Based on your calculations, compare the relative liquidity, solvency, and profitability of the two companies. (6 marks)