Question 1 Neil-Medic and Qualitas Medical supply are similar companies that operates in the same industry, that is the supply of medical equipment. Qualitas started operations in 2015 and Neil-Medic in 2008. Both companies pay 7% interest on their debt to creditors. The following information is available for both of the companies: Neil Medic Qualitas Year 2021 2020 2019 2021 2020 2019 Total asset turnover 4.0 3.7 3.9 2.6 2.4 2.1 Return on total assets 9.9% 10.5% 9.7% 6.8% 6.5% 6.2% Profit margin Sales (RM) 3.3% 3.4% 500,000 470,000 3.2% 486,000 3.7% 3.9% 3.8% 300,000 260,000 200,000 Required Analyze the above available information for Neil Medic and Qualitas. Write a half page report comparing Neil Medic and Qualitas. Include in your discussion the growth pattern for each company; their ability to use assets efficiently to produce profits. Also comment on their success in using financial leverage in 2021. (Total 25 marks)