Alpha Company Balance sheet as at 31/12/2019 Alpha company Income statement for the year ended 31/12/2019 Liabilities Assets Cash Accounts receivable Inventory Current assets 945 618 105 76 45 226 Short term debt Accounts payable Accruals Current liabilities | Non current assets 440 220 Sales Cost of goods sold Depreciation Administrative expense EBIT Interest Expense Profit before tax Taxes Net income Long term debt Owners Equity Ord paid up capital Retained earnings 62 12 50 200 112 666 Total Assets 666 Additional Information Closing Balances as at 31/12/2018 Assets $641, Owner's Equity $262, Accounts Receivable $72, Inventory $50 The Alpha company operates in the electronics industry. If the current ratio is used as a measure of liquidity and the average firm in the industry achieved a Current Ratio of 2.1.1 for the 2019 year, then Alpha company was... .select the correct answer from below. Select one: a. More liquid compared to the industry b. Less liquid compared to the industry c. Equally liquid, compared to the industry d. All things being equal, Alpha Company's operating cycle was more likely, longer than its competitors If the gross profit ratio for a company is unchanged, but the net profit ratio declined over the same period, the most likely reason for this is: Select one: a. Operating expenses increased relative to sales b. Sales increased relative to expenses c. The Australian Government decreased the rate at which companies are being taxed d. Increase in total assets Bluesky Company has a 3% return on average assets of $400,000 and a net profit ratio of 6%.Bluesky's sales are closest to? Select one: a. $200,000 b. $150,000 c. $175,000 d. $520,000