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) RM 368,000 Accounts receivable 140,000 Cost of goods sold 120,000 Inventory 220,000 Operating expenses 140,000 Total non-current assets 490,000 Interest expenses 8,000 Total assets 1,050,000 Income taxes 32,000 Net income 68,000 Accounts payable Accrued expenses 180,000 126,000 Total non-current liabilities 240,000 Total shareholders equities 504,000 Total liabilities and equities 1,050,000 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 iii. Return on assets 60.00% 3.50% 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