Please help as soon as possible.

The following is the income statement for the year ended October 31, 2019 and the balance sheet as of October 31, 2019 for M & K Design Limited. Also included is some additional information to assist you in your calculations and analysis: Sales Cost of goods sold Depreciation expense Operating expenses Interest expense Income before tax Income tax expense M & K Design Limited Income Statement For Year Ended October 31, 2019 $1,700,000 884,000 816,000 65,000 527,700 223,300 8.000 215,300 30,000 $185,300 M & K Design Limited Balance Sheet October 31, 2019 Assets Cash $22,000 Accounts receivable 122,000 Inventory 96,000 240,000 Furniture and Equipment 700,000 Accumulated depreciation - furniture and equipment (300,000) Long term investment 125,500 525,500 $765,500 Liabilities & Shareholder's Equity Liabilities Accounts payable Salary payable Income tax payable Bank loan (long-term) Shareholder's Equity Common shares Retained earnings $158,000 12,000 30,000 200,000 75.000 275,000 50,000 440,500 490,500 $765,500 Selected data from October 31, 2018 financial statements: Total assets $683,500 Accounts receivable $107,500 Inventory $ 60,000 Accounts payable $175,000 Required: A. Calculate 10 ratios (see page 7) to help you analyze M & K Design Limited. Some limited industry averages & comparative ratios are provided on the next page. B. Using at least 4 ratios calculated above to answer the following: M&K Design has come to you looking for a loan of $40,000 to be repaid over 5 years. Would you be willing to loan them the money? Provide an explanation for your answer. The following information is available for: Industry averages - 2019 Gross profit margin ratio 50.0% Return on sales (net profit margin) 9% Rate of return on assets .25 Debt ratio 40 Current ratio 1.5 Asset turnover 2.1 Quick Ratio .75 M&K Design 2018 47.2% 9.5% .24 48 1.0 2.0 .67