30 2018 $m 2019 $m 150 300 ut of 90 0 INCOME STATEMENT Year ended Product Sales Contract Trading Sales (based on increase from Market Value) Total Sales Total Expenses Net Income 450 140 310 90 61 29 $m $m 630 280 420 80 BALANCE SHEET Other Assets Pipeline Contract at Cost add: Increase in Market Value Total Assets 300 0 1,210 500 Bank Loans 380 80 Equity Total Liabilities and Equity 830 1.210 420 500 Equity Total Liabilities and Equity 830 1.210 420 500 Which of these statements is/are correct for the above company? I The Asset Turnover for 2019 was 0.37 Times, and was 0.14 Times for 2018. Il If the Contract Trading Sales were not included for 2019, The Return on Equity for 2019 would have been 0.19 Times. Select one: O a. Only 1 is correct. O b. Both () and (II) are incorrect. O c. Both (1) and (II) are correct. O d. Only Il is correct