John \& Sons and Spencer's are companies in wholesalers of clothing. Below are their financial statements Required Calculate and briefly report on the ratios for the two companies above: 1. Current ratio 2. Acid test ratio 3. Debtors collection period (in days) 4. Creditors payment period - (Use the cost of sales figure) 5. Stock tumover 6. Return on equity (ROCE) 7. Asset turnover (Total assets) 8. Which company would you prefer to invest in, and give a reason