** Hi there, do help to explain in MICROSOFTWORD/ EXCEL SHEETS for better understanding and easy to read, highly appreciate the explanation and the working"

Question 1 The financial statements for year 2020 for Huru Hara Berhad are provided below: Statement of Financial Position Income Statement RM Cash 200,000 Sales (all credit) Accounts receivable 140,000 Cost of goods sold Inventory 220,000 Operating expenses Total non-current assets 490,000 Interest expenses Total assets 1,050,000 Income taxes Net income Accounts payable 180,000 Accrued expenses 126,000 Total non-current liabilities 240,000 Total shareholders equities 504,000 Total liabilities and equities 1,050,000 RM 368,000 120,000 140,000 8,000 32,000 68,000 From the information given, you are required to answer the following questions. a. Calculate the financial ratios for year 2020 corresponding to the industry average ratios provided below: i. Time interest earned 16.30 times ii. Total debt ratio 60.00% iii. Return on assets 3.50% iv. Return on equity 10.10% v. Operating profit margin 20.20% vi. Net profit margin 11.80% (6 Marks) b. Based on your calculation in part (a), interpret the performance of Huru Hara Berhad compared to the industry average for debt management and profitability ratios. (4 Marks)