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Question - Rozelle Ltd and Balmain Ltd have provided the following information, which relates to the year ended 30 June 2020.
Rozelle Ltd
Balmain Ltd
Industry Average
Current ratio
1.03:1
1.91:1
1.65:1
Quick ratio
0.77:1
1.09:1
0.95:1
Times interest earned ratio
3.1 times
5.9 times
5.3 times
Debt to asset ratio
101.4%
70.2%
75.3%
Return on shareholders' equity
17.22%
11.52%
14.85%
Return on assets
18.10%
12.31%
15%
Inventory turnover (days)
65 days
55 days
60 days
Receivable turnover (days)
78 days
48 days
47 days
Required - Using the above information evaluate each company's profitability, liquidity and solvency. Your discussion should compare both companies to each other and to the industry average.
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