Marsfield Ltd and Ryde Ltd have provided the following information, which relates to the year ended 30 June 2021.

	Marsfield Ltd	Ryde Ltd	Industry Average
Return on assets	12.31%	18.10%	15%
Return on shareholders’ equity	11.52%	17.22%	14.85%
Current ratio	1.91:1	1.03:1	1.65:1
Quick ratio	1.09:1	0.77:1	0.95:1
Inventory turnover (days)	55 days	65 days	60 days
Receivable turnover (days)	48 days	78 days	47 days
Debt to asset ratio	70.2%	101.4%	75.3%
Times interest earned ratio	5.9 times	3.1 times	5.3 times

Required:

Using the information above evaluate each company’s liquidity, solvency and profitability. Your discussion should compare both companies to each other and the industry average.