Required: Write a one-half page report comparing Zenta and Xinta using the available information. Your discussion should include their ability to meet current obligations and to use current assets efficiently (10 marks) [Total 20 marks] uestion 3 Comparative incomc statements of Xylan Manufacturing Company for Years 8 and 9 arc rcproduced below (a) Year 9 car8 Nct salcs Les: Cost of goods sold Gross profits Less: Operating expenscs Income beforc tax Income tax Net Income RM 600,000 RM 500,000 430,000 70,000 51,000 19,000 5,000 RM14,000 490,000 110,000 101,000 9,000 2,400 RM 6,600 Required: Prepare a common-size income statemcnt for Xylan Manufacturing Company for both Year 8 and Year 9 (i) (7 marks) (ii) What arcas identified from this analysis should be a matter of managcrial concern? (3 marks) (b) ABC Company's comparative balance sheets for 2014 and 2015 appcar below ABC COMPANY Comparative Balance Sheets 31 December, 2014 and 2015 2015 2014 Assets Cash and cash equivalents Account rcccivables (net) RM 30,500 RM 10,000 51,000 64,500