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 49 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 68% 47% Times interest earned 1.8 X 3.2 X Use the above ratios to answer the following independent questions (B 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 ofh/30. Would you sell to them? Support your answer with reference to two ratios. 3) The owners of Beta have offered to sell you 1096 of the common shares Would you purchase the shares? Support your answer with reference to two ratios