II. Financial statement information for Acer Enterprise and Casey Inspectors are below. They compete in the same industry. The balance sheet data are as of December 31, 2013, and December 31, 2012. Acer Enterprise Casey Inspectors 2013 2012 2013 2012 Net sales $1,549,035 $339,038 Cost of goods sold 1,080,490 241,000 Operating expenses 302,2751 79,000 Interest expense 8,980 2,252 Income tax expense 54,500 6,650 Current Assets 325,975 312,41083,336 79,467 Common Stock, S10 par 500,000 500,000 120,000 120,000 Retained earnings 173,460 146,595 38,096 28,998 Non-current liabilities 108,500 90,000 29,620 25,000 Current liabilities 65,325 75,815 35,348 30,281 (b) Compute the following: (a) Return on Assets (Net Income/Average total assets), and (b) Return on total equity (net Income/Average shareholders' (c) What can you surmise about the relative profitability of the two companies given the two ratio calculations