Question 11.14 Assume that three companies, all operating in the same industry, achieve identical sales and earnings before interest and tax as follows: Sales revenue EBIT Staid Demure Robust Rm Rm Rm 800 800 800 18 18 18 All three companies operated from the same fixed asset base of R50m. Staid Ltd had an average investment of R50m in current assets during the year, while Demure Ltd had only R25m and Robust Ltd had only R15m. Required:(a) Explain how it is possible in practice for the difference in current asset investment to exist, while turnover, EBIT, and fixed asset investment may be similar.(b) Calculate the return on total assets for each