(a) The following information has been extracted from the financial statements of MK Pty. Ltd., a kitchen utensil wholesaler. Accounts Interest Expense Cash Accounts Receivable Inventory Bank Loan (5 years) Accounts Payable Property, Plant and Equipment Sales Administrative Expenses Selling Expenses 2019 $26,000 $160,000 $550,000 $590,000 $575,000 $270,000 $1,250,000 $775,000 $88,900 $42,500 Required: (1) Calculate quick ratio for the year 2019. Leave two (2) decimal places. (3 Marks) Calculation area: QUICK RATIO (3 Marks) (2) Calculate Return on Assets ratio for the year 2019. Leave two (2) decimal places. (3 Marks) Calculation area: RETURN ON ASSETS (3 Marks) 1 Page