The following information has been collected from two London-based companies. The accounts are drawn up to 31st December 2021. Profit and Loss Account for the year ended 31st December 2021 (Figures are in 000) Particulars XYZ ABC Sales 4428 5503 Less: Cost of Goods Sold (Including purchases) (2575) (3228) Gross Profit 1853 2275 Less: Selling & Distribution Expenses Less: Depreciation (1323) (1503) Earnings before Interest & Tax / Operating Profit 530 772 Less: Interest (270) (230) Earnings before Tax 260 542 Less: Taxes (103) (216) Earnings after Tax / Net Profit 157 326 Assets Fixed Assets Current Assets Balance Sheet as at 31st December 2021 Account Receivables Inventory Cash Total Current Assets Total Assets Liabilities & Equity Capital/Equity Long Term Debt Current Liabilities Account Payables (Figures are in 000) XYZ ABC 5450 5748 329 376 785 842 168 196 1282 1414 6732 7162 4588 5172 1060 912 623 686 Other Current Liabilities 461 392 Total Current Liabilities 1084 1078 Total Liabilities and Equity 6732 7162 Page 3 of 6 REQUIREMENT: Conduct ratio analyses, compare, and comment on their results and analyse the performance of the companies. ASSUMPTIONS: 1. All sales and all purchases are on credit. 2. Please assume "inventory', 'accounts receivables', and 'accounts payables' as average as there is no beginning balance available. (Answer any SIX of the following) [05 marks] x 6 Questions = [30 marks] 1. Calculate and analyse any SIX of the following: i. Current Ratio ii. Quick Ratio iii. Operating Profitability Ratio iv. Net Profit Ratio v. Return on Equity (ROE) vi. Inventory Turnover Ratio vii. Receivable Turnover Ratio viii. Payable Turnover Ratio ix. Debt-equity Ratio x. Financial Leverage [10 B