Megah Bakti has applied for a loan from Ambank Berhad to expand its business. To assess the potential of Megah Bakti as a potential debtor. Ambank intends to conduct an analysis on this company. The following are Megah Bakti's financial statements that have been prepared Mega Statement of Financial Position at 31 December 2019 and 2020 2020 2019 CRM RM 20 000 10.000 Account 42.000 32000 100.000 91 000 Curses 162,000 124000 2000 2.000 Building and equipment 200.00 200.000 Depreciation 78.000 00.000 TOTAL ASSETS 348200 200.000 Account 54000 44000 Notepayable 100.000 4.000 Current 154000 138.000 Long lum.ee 50 000 45.000 Com 1000 000 Retained.com 71000 19.100 TOTAL LIABILITIES & EQUITY 348000 300.000 Statement of Comprehensive Income for the year ended 31 December 2019 and 2020 (RM) 2020 2019 (RM) Sales 350.000 320.000 (a) Cost of goods sold 190.000 192.000 Gross profit 160,000 128,000 Operating expenses 74,000 74.000 (-) Depreciation 20.000 20.000 Earning before interest & taxes 66,000 Interest expenses 12.200 12 200 Taxes 10,900 10.900 Net profit 42.900 10,900 Using the above statements, complete the following table showing the calculation method, 34,000 2020 2019 Current ratio Quick ratio Average collection period Inventory turnover Debt ratio Time interest earned ratio Gross profit margin Net profit margin Return on asset Return on equity (b) Should Megah Baktis application be approved? Explain the reason for your answer by comparing each financial ratio performance of the company in 2019 and 2020