Mosman Ltd and Gorge Ltd have provided the following information, which relates to the year ended 30 June 2022.

	Mosman Ltd	Gorge Ltd
Profit Margin	12.0%	7.5%
Debt/asset ratio	80.4%	60.2%
Return on assets	12.4%	8.6%
Current ratio	1.4:1	2.00:1

Required:

Using the above information comment on each company's profitability, solvency and liquidity. In your discussion indicate which ratio(s) would be used to evaluate each category of performance and overall which company has the better performance for each ratio. (6 marks)