Turkey Berhad and Pakis Berhad are stores selling carpets and other floor coverings. Each company has a single store in the same shopping complex located in the golden triangle of Kuala Lumpur. The following is financial statements of two companies for the year 2020.- Comparative Statement of Financial Position as at 31 December 2020- Pakis Berhad Turkey Berbade RM'000- RM'000 tt Building at coste 3000 440e (255) (220) Accumulated depreciation- Buildinge Equipment at coste 140- 1802 (119) 2012 Accumulated depreciation- Equipment- Inventoriese 200- 240 Accounts receivable (net) 2052 140- Cashe 2 Total assets 475 692 Share capital-ordinary 100- 100 Retained earningse 130- 340- Accounts payable 245 252- 475 692 Total shareholders' equity and liabilities Comparative Income Statement for the Year Ended 31 December 2020 Turkey Berhad Pakis Berbade RM 0004 RM 000 Sales 1.800- 27004 Less Cost of goods sold: Beginning inventoriese 300 280 + Purchasese 1.300- 2.250- -Closing inventoriese (200) (1.400) 240) (2.290) Gross profit 400 410- Less Expenses: Depreciation expenses 224 40- Other expensese 318 (340) 280 (320) Net income 60- 90- (0) Based on the information above, compute the following ratios for Turkey Berhad and Pakis Berhad. Provide clear supporting calculations. e (a) Current ration (b) Acid-test ration (c) Profit margin on sales! (d) Return on equitye (e) Inventory turnover (ii) In your opinion, which company appears to be more efficient? Justify your opinion by comparing the calculated ratios above between the two companies