(a) Antara Benua Bhd's balance sheet for December 31, 2020, and Income Statement For the Year Ended December 31, 2020, are given below. Balance Sheet Antara Benua Bhd December 31, 2020 2020 2019 Assets: Current Assets: Cash Marketable Securities Accounts Receivable, less allowance of RM10,000 Inventory Prepaid Total Current Assets RM 50,450 RM 28,538 25,000 20,500 60,000 50,000 90,000 70,000 8.000 7,000 233,450 176,038 Property, Plant, and Equipment: Land Buildings and Equipment Less Accumulated Depreciation Total Assets 9,000 8,000 220,000 210,000 229,000 218,000 (68,000) (60,000 RM394.450 RM334,038 Liabilities and Shareholders' Equity: Current Liabilities: Accounts Payable Accrued Compensation Income Taxes Total Current Liabilities RM 35,000 8,000 7,000 50,000 RM 30,000 7,000 6,000 43,000 Long-Term Debt 40,000 11,038 Shareholders' Equity Common Shares Retained Earnings Total Liabilities and Shareholders' Equity 60,000 60,000 244,450 220,000 304,450 280,000 RM394,450 RM334,038 Income Statement Antara Benua Bhd For the Year Ended December 31, 2020 2020 2019 2018 RM718,500 RM650,500 RM640,000 580,000 520,000 515,000 138,500 130,500 125.000 Net sales Cost of goods sold Gross profit Operating expenses: Selling, general, and administrative Interest Earnings before income taxes Income taxes Net earnings RM 71,000 4,000 75,000 63,500 30.000 RM 33.500 RM 67,000 RM 65,000 3,000 2.500 70.000 67.500 60,500 57,500 29,000 28.000 RM 31.500 RM 29.500 Required: Compute the following ratios for 2020: (1) Accounts receivable turnover (11) Merchandise inventory turnover (111) Working capital (iv) Current ratio (v) Acid-test ratio (conservative) (vi) Sales to working capital (12 marks)