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A new managing director of Lets Eat Ltd (a company in the fishing industry) has asked you to analyse and give your views on the relative profitability and liquidity of its two wholly-owned subsidiaries, Canned Fish Ltd and Frozen Fish Ltd. There were no inter-company transactions. Financial statements are given below: ABRIDGED STATEMENT OF PROFIT OR LOSS \& OTHER COMPREHENSIVE INCOMEFOR THE YEAR ENDED 31 DECEMBER 2022 Required: a) Calculate the following ratios for each company: - Return on equity (4 marks) - Gross profit margin (4 marks) - Net profit margin (4 marks) - Current ratio (4 marks) - Quick ratio (4 marks) b) Comment on the ratios calculated in (a) above