STATEMENT OF FINACIAL POSITION AS AT 31 DECEMBER 2016 NOTE: The two campanies are in the same sector and the Industry Key Perfarmance Indicators (KPI) for the year 2016 are given to you to holp you analysis the two companies. (i) Gross profit margin 35% (ii) Operating proft margin 20% (iii) ROCE (Operating profit/ Capital emplayed) 20% (iv) Trade payables days 60 days (v) inventory tumover 1.5 times (vi) Quick ratio 1 time (vii) Current ratio (viii) DebtiEquity ratio 50% (ix) Earnings per share K0.20 Required: (a) Calculate the ratios above for Fhino Company and Lion Company for 2016. (8 marks) (b) Analyze the financial performance and financial position of the companies and recommend the company Mahule Limitod should acquire and the reasons for your recommendation (12 marks)