You must answer ALL the questions. (Total 100 marks) Question 1 (a) The following ratios are computed for three companies operating in different industries: Aee Pte Ltd Bee Pte Ltd Cee Pte Ltd Operating profit margin 8.4% 13.9% 18.2% Days of sales outstanding 2 day 20 days 65 days Inventory tumover 8.8x 0.7x nil Fixed asset tumover 2.8x 0.6x 12.3x Determine which is a professional service firm supermarket business and property developer (12 marks) (6) The current ratio and debt ratio of Dee Pte Ltd are 1.8 and 0.4 respectively today. Examine how these ratios will change if plant and machinery were purchased. (8 marks) Eee Pte Ltd's return on equity (ROE) improved from 13% (in 2019) to 18% (in 2020). Illustrate, using DuPont analysis, two (2) possible reasons for this observation (4 marks)