Please type out no handwritting, following Singapore Financial Reporting Standards

Ethics and Accounting

Roak Company and Clay Company are similar firms that operate in the same industry. Clay began operations in 2013 and Roak in 2006. In 2015 , both companies pay 7% interest on their debt to creditors. The following additional information is available. Write a half-page report comparing Roak and Clay using the available information. Your analysis should include their ability to use assets efficiently to produce profits. Also comments on their success in employing financial leverage in 2015