Sales Cost of Sales Gross Margin Expenses Net Income (profit) after taxes Income Statement 2019 15,000,000 10,000,000 6 5.000.000 3,750,000 1.250.000 2018 10,000,000 ,000,000 4.000.000 3,000,000 1,000,000 Balance Sheet 2019 2018 Current Assets Cash Receivables Inventory Total Current Assets 250,000 750,000 1,500,000 1,500,000 2,500,000 500.000 700,000 1,300,000 2,500,000 AED ALL Property, Plant and Equipment 12,500,000 Total Assets 15,000,000 12,000,000 14,500,000 1,400,000 700 000 Current Liabilities Accounts payable 1,600,000 Current portion of 600,000 long term debt Accruals 200,000 Total Current Liabilities 2.400.000 LIST Long term debt 10.000.000 200,000 2.300.000 11,000,000 Shareholders' equity 2.600.000 1.200.000 Total Liabilities and Equity 15,000,000 14,500,000 .00 (a) Calculate the following ratios for 2019 and 2018: Current Ratio and Return on Investment (Assets) ROA). See table below. (b) Write a summary analysis of how the company is doing based on your analysis of the ratios you calculated and the industry averages which are 8% for ROA(I) and 2:1 for Current Ratio. Complete the table below for your answers to a and b. 2019 2018 Industry Analysis Average Current Ratio Show calculation Return on Investment Show calculation de trai ted States