Selected information for two companies competing in the catering industry have been presented below.
| Account | A Ltd | B Ltd |
| Current assets | $55250 | $83950 |
| Non-current assets | $125000 | $149500 |
| Current Liabilities | $29300 | $11750 |
| Non-current Liabilities | $44850 | $72500 |
| Equity | $106100 | $149200 |
| Profit | $37500 | $26500 |
Required:
- Calculate the following ratios for A Ltd and B Ltd:
- Current ratio.
- Return on Assets (ROA).
- Return on Equity (ROE).
- From your calculations in part A, explain which entity is in a more favourable position.
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