Rozelle Ltd and Balmain Ltd have provided the following information, which relates to the year ended 30 June 2020.

	Rozelle Ltd	Balmain Ltd	Industry Average
Current ratio	1.03:1	1.91:1	1.65:1
Quick ratio	0.77:1	1.09:1	0.95:1
Times interest earned ratio	3.1 times	5.9 times	5.3 times
Debt to asset ratio	101.4%	70.2%	75.3%
Return on shareholders equity	17.22%	11.52%	14.85%
Return on assets	18.10%	12.31%	15%
Inventory turnover (days)	65 days	55 days	60 days
Receivable turnover (days)	78 days	48 days	47 days

Required:

Using the above information evaluate each companys profitability, liquidity and solvency. Your discussion should compare both companies to each other and to the industry average. (6 marks) Word limit 200.