(b) The industry averages for 2018 that the company refers to as its benchmarks are provided as follows: Industry Average 58.88% 24.76% 35.43% Gross profit ratio Net income to revenue ratio (after tax) Return on shareholders' equity (after tax) Current ratio Quick ratio Accounts receivable collection period (in days) 1.82:1 1.01:1 29.87 days Use the ratios computed in (a) to compare Hong Kong Airline Supplies Limited's performance to the industry averages and provide relevant comments under the headings of 'profitability' and 'liquidity'. (12 marks)