The financial statements for year 2020 for Huru Hara Berhad are provided below: Income Statement Statement of Financial Position RM Cash 200,000 Accounts receivable 140,000 Inventory 220,000 Total non-current assets 490,000 Total assets 1.050.000 Sales (all credit) Cost of goods sold Operating expenses Interest expenses Income taxes Net income RM 368,000 120,000 140,000 8,000 32,000 68,000 Accounts payable Accrued expenses Total non-current liabilities Total shareholders equities Total liabilities and equities 180,000 126,000 240,000 504,000 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: Time interest earned II. Total debt ratio III. Return on assets iv. Return on equity V Operating profit margin vi. Net profit margin 16.30 times 60.00% 3.50% 10.10% 20,20% 11.80% (6 Marks) 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