Study the information provided below and comment on the returns and risk associated with the different working capital policies from the figures provided below: (8 marks) INFORMATION Company X Conservative R Company Y Moderate R Company Z Aggressive R Statement of Comprehensive Income Sales Operating profit 2 400 000 270 000 2 400 000 270 000 2 400 000 270 000 Statement of Financial Position Current assets Current liabilities Net working capital Non-current assets Net assets Analysis Return on net assets Current ratio (risk) 1 500 000 (600 000) 900 000 1 200 000 2 100 000 1 300 000 (750 000) 550 000 1 200 000 1 750 000 940 000 (900 000) 40 000 1 200 000 1 240 000 12.86% 2.50:1 15.43% 1.73:1 21.77% 1.04:1