Below are the 2020 financial ratios for Beta Corp along with industry averages: 2020 Industry Profit margin 14% 20% Return on assets 16% 21% Return on equity 24% 33% Receivables turnover 22.6 X 13.8 X Average collection period 16 26 Inventory turnover 12.1 X 10.8 x Capital asset turnover 6.2 X 6.9 X Total asset turnover 4.9 X 5.1 X Current ratio 3.9 X 2.2 x Quick ratio 2.6 X 1.0 X Total liabilities to total assets 6896 4796 Times interest earned 1.8 X 3.2 X Use the above ratios to answer the following independent questions (3 marks each); 1) Beta wants a 10-year loan and they have approached you, a banks loan officer. Would you give them a loan? Support your answer with reference to two ratios. 2) You work in the sales department of a business that Beta would like to buy from on terms of n/30. Would you sell to them? Support your answer with reference to two ratios. 3) The owners of Beta have offered to sell you 10% of the common shares. Would you purchase the shares? Support your answer with reference to two ratios