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Please find solution for this, thank you Bob's Shoes and Brown's Boots are two organisations operating in the retail industry. The table below provides selected

Please find solution for this, thank you

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Bob's Shoes and Brown's Boots are two organisations operating in the retail industry. The table below provides selected information from their Income Statements and Balance Sheets for the last two financial years. The companies have made a similar profit. Your task is to use ratio analysis to make a more detailed comparison of their relative financial position and performance. Bob's Shoes 2018 Brown's Boots 2019 2018 $110 500 2019 Current assets $101 060 $250 000 $167 900 Non-current assets $245 000 $159 700 $299 000 $286 000 Current liabilities $58 600 $60 400 $23 500 $25 040 Non-current liabilities $95 800 $90 600 $143 000 $147 000 Owner's Equity $206 100 $195 060 $300 400 $273 660 Additional information Inventory (included in $40 000 $50 000 $75 000 $76 000 Current assets Profit (included in Owner's $70 000 $71 000 568 000 $70 000 equity Financial Information for 2017 Financial Information for 2017 Total Owner's equity Bob's Shoes Total Assets $200 000 Brown's Boots Required: $300 500 $250 000 $410 000 a. Use two ratios to calculate each organisation's liquidity for each year (2018 and 2019). Format BIU

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