Below is the comparative financial statements for Nina Company for the year ended in 31st December 2019 and 2020. The market value of common stock of the company is RM30 per unit at 31st December 2019 and RM25 per unit at 31st December 2020. Nina Company Comparative Financial Statement For the year ended 31st December 2020 and 2019 2020 2019 Sales 1'025'000 651520 Minus: Returns and Sales 25'000 11'520 Allowance Net Sales 1'000'000 640'000 Minus: The Cost Of Goods 680'000 416'000 Sold Gross Profit 320'000 224'000 Minus: Operation Expense 130'000 92'800 Sales Expense 65'000 44'800 Administrative Expense Total Operation 195'000 137'600 Expense Operation Income 125'000 86'400 Add : Other Income 5'000 3'840 130'000 90'240 12'800 21'000 109'000 60'000 77'440 35'200 Minus: Other Income Income before Income Tax Minus: Income Tax Expense Net Income 49'000 42'240 Nina Company Comparative Retained Earning Statements For the year ended 31st December 2020 and 2019 2020 2019 Retained Income, 1 144'600 116'360 January 49'000 42'240 Add: Net Income 193'600 158'600 Minus: Dividen Preferred Stocks 8'000 8'000 Common Stocks 9'000 6'000 17'000 14'000 31 176'600 144'600 Retained Income, December Nina Company Comparative Balance Sheet 31 December 2020 and 2019 2020 2019 Asset: Current Assets: Cash 35'000 25'000 30'000 10'000 85'000 65'000 144'000 96'000 Marketable securities Accounts Receivable Inventory Prepaid Expenses Total Current Assets Long Term Investment Plant and Equipment 6'000 4'000 300'000 200'000 50'000 45'000 418'600 389'600 768'600 634'600 Total Assets Liabilities Current Liabilities 150'000 130'000 Long term liabilities: Unpaid mortgage 10%82'000 maturity 2024 Unpaid Bon, 8% matured 2027 160'000 160'000 Total long term Liabilities 242'000 160'000 290'000 Total Liabilities 392'000 Owner's Equity: Preferred Stock 8%, par value 100'000 RM100 100'000 Common Stock par value RM10 100'000 100'000 176'600 144'600 Retained Income Total Owner's Equity 376'600 344'600 Total Liabilities and Owner's 768 600 Equity 634'600 (a) Calculate the financial ratios for 2020: i. Debt Ratio Price Earning Ratio Turnover Inventory Hii