You are an analyst for Mellon Bank and you are working on an assessment of 2 companies in the grocery store business. Daffy Duck Food Inc. (DDF Inc.) and Bugs Bunny Grocery Inc (BBG Inc.) Your assistant has provided you with the following information for each company: Grocery Store BBG Inc. Ratio DDF Inc. Industry Average Inventory Turnover Days' sales in receivables 42.42 62.65 53.25 113 98 130.25 Debt to Equity Profit Margin 0.75 0.85 0.88 0.082 0.07 0.075 Quick Ratio 1.028 1.03 1.031 Current Ratio 1.25 1.33 1.21 Required: Be clear and specific in your response Make sure you clearly indicate which ratios you are considering in your response (1) In terms of liquidity, which company do you think is in a better position and why? (Compare to each other and to the industry) (2) In terms of solvency, which company do you think is in a better position and why? (Compare to each other and to the industry) (3) Which company does a better job managing and utilizing its assets. Explain your answer - compared to each other and to the industry