Given the following balance sheet, income statement, historical ratios and industry averages; a) Calculate the CongCodei Sdn Bhd. financial ratios for the most recent year, i.e., fill up table 1 for the 2019 ratios' column. Income Statement CongCode Sdn Bhd For the Year Ended December 31, 2019 Sales Revenue Less: Cost of Goods Sold Gross Profits Less: Operating Expenses Operating Profits Less: Interest Expense Net Profits Before Taxes Less: Taxes (40%) Net Profits After Taxes RM2,080,976 1.701,000 RM379,976 273,846 RM106,130 19.296 Balance Sheet Cenyadel de December 31, 2019 Asus Com RM95,000 Accounts receivable 237,000 Inventores 243.000 Total currenties RM 575,000 Grondwet 500,000 Leis Acumulated depreciation 25,000 Not fixed mene RM125.000 Total estets RM1,000,000 Liabilities and stockholdenly Current liabilier Accounts payable RM 89,000 Nos peryable 169,000 Accra Total robes RM 345,000 debi 110.000 Total liabilities RM 533,000 Stockholder' equity Common lock 255,000 Rotoined comings 212.000 Total stockholders' equilty RM 467,000 Totoliobiles and stockholders' equily RM 1,000,000 RM86,834 34.734 RM52,100 Table 1: Historical and Industry Average Ratios Con Codei Sdn Bhd Ratio 2017 2018 2019 Current Ratio 1.6 1.7 Quick Ratio 0.9 1.0 Inventory Tumower 8.1 9.3 Average Collection 33 days 37 days Total Asset Tumover 2.3 2.2 Debt Rolo 60% 56% Times Interex Eamed 2.5 3.5 Grow Profit Mergin 21% 19.7% Operating Profit Margin 4.8% Net Prof Margin 1.8% 1.6% Return on total 3.5% Return on Equity 10.3% 7.9% Industry 2019 1.6 0.9 8.5 38 days 2.2 60% 2.3 20.4% 4.7% 1.4% 3.08% 7.3% b) Analyze its overall financial situation for the most recent year. Analyze its overall financialsituation from both a cross sectional and time series viewpoint. Break your analysis into an evaluation of the|| firm's liquidity, activity, debt, and profitability