(b) The industry averages for 2019 that the company refers to as its benchmarks are provided as follows: Industry Average 61.23% 19.87% 34.56% Gross profit ratio Net income to revenue ratio (after tax) Retum on sharcholders' equity (after tax) Current ratio Quick ratio Accounts receivable collection period (in days) 1.94:1 0.88:1 30.31 days Use the ratios computed in (a) to compare Hong Kong F&B Supplies Limited's performance to the industry averages and comment on the company's 'profitability and "liquidity' respectively. (12 marks) (Total 20 marks) (b) The industry averages for 2019 that the company refers to as its benchmarks are provided as follows: Industry Average 61.23% 19.87% 34.56% Gross profit ratio Net income to revenue ratio (after tax) Retum on sharcholders' equity (after tax) Current ratio Quick ratio Accounts receivable collection period (in days) 1.94:1 0.88:1 30.31 days Use the ratios computed in (a) to compare Hong Kong F&B Supplies Limited's performance to the industry averages and comment on the company's 'profitability and "liquidity' respectively. (12 marks) (Total 20 marks)