Question 4 The table below contains information about two major competitors in the shoe Industry, POOMAS AD DUH Time 0:43:16 ed an out of d POOMA ADI DUH 2021 2020 2021 2020 Net ses $158.000 570.500 Cost of goods sold 87.100 10.000 Operating expenses 23.000 12.300 Interest expense 1.020 income tax exoense 7.800 2.300 Cash 25.000 521.000 2.500 $10.500 Other current assets 132,000 107.00073.000 8.000 Long-term assets 214,000 750.60027,000 32,600 Current liabilities 12,500 56,000 1,500,000 Long term liabilities. 124.000 712,0005,300 12,800 Share Capita 23.000 12.500 0.500 9,800 Retained eamings 81.000 65.300 13.200 10.200 REQUIRED: Part C) Comment on the performance of these two companies using the ratios you calculated above. Which company is performing better financially and why do you think thar? Make sure your answer has a valid explanation based on your previous calculations, 10 marks) Question 4 The table below contains information about two major competitors in the shoe Industry, POOMAS AD DUH Time 0:43:16 ed an out of d POOMA ADI DUH 2021 2020 2021 2020 Net ses $158.000 570.500 Cost of goods sold 87.100 10.000 Operating expenses 23.000 12.300 Interest expense 1.020 income tax exoense 7.800 2.300 Cash 25.000 521.000 2.500 $10.500 Other current assets 132,000 107.00073.000 8.000 Long-term assets 214,000 750.60027,000 32,600 Current liabilities 12,500 56,000 1,500,000 Long term liabilities. 124.000 712,0005,300 12,800 Share Capita 23.000 12.500 0.500 9,800 Retained eamings 81.000 65.300 13.200 10.200 REQUIRED: Part C) Comment on the performance of these two companies using the ratios you calculated above. Which company is performing better financially and why do you think thar? Make sure your answer has a valid explanation based on your previous calculations, 10 marks)