The following information is extracted from the 2019 and 2020 financial report of Peter Pan Children Entertainment 2019 2020 Non-current Assets 222,000 256,000 Total Assets 304,600 338,600 Non-current liabilities 127,000 98,000 Net Assets 105,600 108,600 Total Revenue 112,300 127,300 Total Expenses 84,100 96,300 a) Which of the following is the correct Profit Margin for the 2020 financial year? (1 mark) 9.16% 28.55% 410.85% 37.60% 24.35% b) Which of the following transactions can immediately improve the Profit Margin? (2 marks) Receive cash for service provided and recorded earlier. Owner contribute cash to the business. Provide service for cash received in advance. Adjusting entry to record unpaid wages. Pay cash for goods received and recorded earlier. c) Which of the following is the correct Return on Assets for the 2020 financial year? (1 mark) 8.77% 9.64% 1092.26% 12.96% 118.86% d) Which of the following transactions can immediately improve the Return on Assets? (2 marks) Change the useful life of equipment from 8 years to 3 years. Owner contribute cash to the business. Borrow a bank loan that is due in 5 years. Buy equipment on credit. Owner withdraw cash from the business. e) Which of the is the correct Current Ratio for the 2020 financial year? (1 mark) 3.46:1 1.11:1 1.30:1 2.61:1 0.63:1