GUARANTEED UPVOTE - if you solve this!!

a) Calculate EACH of the following ratios for 2022 AND briefly explain what the ratio means:

i. Quick ratio

ii. Inventory turnover

b) i. Calculate the gross margin percentage for both 2022 and 2021. ii. Is it improving or declining? iii. Provide ONE explanation as to why that may be the case.

PLEASE DO BOTH THANK YOU BLESS YOUR SOUL

based on the information attached in the photo:

MASH Inc. Statement of Financial Position as at December 31, Current assets Cash Accounts receivable Inventory Land Building Accumulated depreciation, Building Equipment Accumulated depreciation, Equipment \begin{tabular}{|r|r|} \hline 2022 & \multicolumn{1}{|c|}{2021} \\ \hline$48,000 & $36,000 \\ \hline 60,000 & 50,000 \\ \hline 95,000 & 101,000 \\ \hline 203,000 & 187,000 \\ \hline & \\ \hline 750,000 & 400,000 \\ \hline 1,200,000 & 1,200,000 \\ \hline400,000 & 350,000 \\ \hline 250,000 & 300,000 \\ \hline110,000 & 100,000 \\ \hline$1,893,000 \\ \hline \hline \end{tabular} Current liabilities Accounts payable Unearned revenue \begin{tabular}{|r|c|} \hline$80,000 & $45,000 \\ \hline 30,000 & - \\ \hline 40,000 & 40,000 \\ \hline 150,000 & 85,000 \\ \hline 440,000 & 480,000 \\ \hline 250,000 & 150,000 \\ \hline 1,053,000 & 922,000 \\ \hline$1,893,000 \\ \hline \hline \end{tabular} MASH Inc. Statement of Income for the year ended December 31 , Sales Cost of goods sold Gross margin \begin{tabular}{|r|r|} \hline$1,500,000 & $1,390,000 \\ \hline 900,000 & 764,500 \\ \hline 600,000 & 625,500 \\ \hline \end{tabular} Operating expenses \begin{tabular}{|l|r|r|} \hline Advertising and promotion & 37,000 & 32,200 \\ \hline Bank charges & 1,500 & 1,100 \\ Depreciation (note 1) & 70,000 & 72,000 \\ \hline Insurance & 18,000 & 17,000 \\ \hline Interest & 24,000 & 26,000 \\ Office & 21,000 & 18,000 \\ \hline Repairs and maintenance & 13,500 & 15,000 \\ \hline Telecommunications & 9,000 & 8,800 \\ \hline Utilities & 16,000 & 15,400 \\ \hline & 210,000 & 205,500 \\ \hline & & \\ \hline income & 390,000 & \\ \hline come (expenses) & & \\ \hline Loss on sale of equipment & 25,000 & \\ \hline & & \\ \hline taxe before tax & 365,000 & \\ \hline taxe & 55,000 & \\ \hline \end{tabular} Note 1 Of the $70,000 depreciation expense, $50,000 relates to the building and $20,000 relates to the equipment