Statement of Financial Position December 31, 2017 December 31, 2018 Assets Current assets Cash Accounts receivable Inventorv 10,000 25,000 45,000 80,000 300,000 380,000 15.000 25,000 40,000 80.000 310.000 390,000 Total current assets Net fixed assets Total assets Liabilities and shareholders' equitv Current liabilities 40,000 20,000 60,000 40,000 Accounts payable Notes payable 45,000 15,000 60,000 30,000 Total current liabilities Long-term debt Shareholders' equity Common shares Retained earnings 40,000 240,000 280,000 50,000 250,000 300,000 Total shareholders' equity Total liabilities and shareholders' equity 380,000 390,000 Statement of Comprehensive Income For the year ended December 31, 2018 Sales Cost of goods sold Depreciation expense EBIT Interest expense Earnings before taxes Income taxes (30%) Net income 150,000 90,000 10,000 50,000 10,000 40,000 12,000 28,000 a. You would like to evaluate the ability of the company to collect money from customers who made purchases on credit. Choose and calculate the most relevant ratio for year 2018 b. You would like to understand how much return the company was generating on its assets Choose and calculate the most relevant ratio for year 2018 You would like to know if the company had enough accounting income to pay for its interest expense or not. Choose and calculate the most relevant ratio for year 2018 c