Selected financial ratios of McGarrett Ltd. and Danno Inc., two companies competing in the same industry, are as follows: Current ratio Receivables turnover Inventory turnover Asset turnover Return on assets Return on common shareholders' equity McGarrett Ltd. 2.2:1 29.5 times 6.2 times 1.60 times 15.25% 22.35% Danno Inc. 2.2:1 33.5 times 7.7 times 1.75 times 16.75% 22.33% Required: a. Identify, analyze, and explain the liquidity ratios for McGarrett Ltd. and Danno Inc. Which company had more liquidity in 2020? b. Identify, analyze, and explain the profitability ratios for McGarrett Ltd. and Danno Inc. Which company was more profitability in 2020