North Exploration Inc. and Eagle Minerals Inc. are similar firms that operate within the same industry. The following information is available: Current ratio Quick ratio Accounts receivable turnover Inventory turnover Working capital North Exploration Inc. 2020 2019 2018 1.9 2.0 2.3 1.2 1.3 1.4 31.0 25.7 29.7 24.7 22.4 17.6 $65,500 $53,500 $47,500 Eagle Minerals Inc. 2020 2019 2018 3.4 2.9 2.1 3.0 2.7 1.8 16.9 15.7 16.5 15.0 13.5 13.1 $127,000 $99,000 $74,000 Required: The controller of your company has asked you to analyze the above two companies, so a decision can be made on whether you should invest in either. Prepare a paragraph on each of the below items that you can give to the controller in a memo. a. Compare the current ratios and quick ratios and discuss. b. Discuss the working capital for each and which company may have greater liquidity. c. Compare the receivable and inventory turnovers. d. How might obtaining industry standards affect the decision