a) Sparks Eat Caf has hired you to diagnose and solve some problems that the cafe has encountered in maintaining adequate liquidity with its asset management. You have performed the liquidity and turnover analysis with the cafe's short-term activity ratios. Your calculations and appropriate industry average are presented as below. Ratios Industry Sparks Eat 4.5 Current ratio 4.0 Quick ratio 2.0 3.1 Inventory turnover 6.0 10.4 73 days 52 days Days' sales in receivables Days' sales in inventory 31 days 40 days Discuss your findings with Sparks Eat Caf to enhance its short-term activities performance. (10 marks) b) A firm has a debt-equity ratio of 0.62, a total asset turnover of 1.24, and a profit margin of 5.1 percent. The total equity is $489,600. What is the amount of the net income