The following information is extracted from the 2019,2020 and 2021 financial statements of a business. 2021 ($) 2020 ($) 2019 ($) Non-current Assets 89,700 59,700 41,100 Current Liabilities 26,100 9,300 8,460 Non-current Liabilities 45,300 26,100 24,300 Net Assets 52,500 42,300 23,940 Total Revenue 113,700 82,500 67,500 Total Expenses 63,300 51,300 35,100 a. (4 marks) Calculate the ratios and complete the table below. Round your answer to the nearest 0.01% (20p). Do not include the % symbol. Do not use comma separators. For example, if your answer in decimal is 0.12345 (which equals to 12.35%), 12.35 would be the correct format. 2021 2020 Return on Assets 0.35 0.31 % % Profit Margin % % b. (4 marks) Calculate the ratios and complete the table below. Round your answer to the nearest 0.01 (2dp). Do not include any symbol. Do not use comma separators. For example, if your answer in decimal is 0.12345, 0.12 would be the correct format. 2021 2020 Current Ratio :1 :1 Debt to Total Assets ratio :1 :1 C. (2 marks) Which one of the following statements is correct regarding the ratio analysis for the two years? OThe business did not have trouble meeting its short-term debts in 2021 according to the rule of thumb. OThe business used its assets more efficiently in 2021 to generate profit. OThe business had a lower risk to survive in the long term in 2021. OThe business had higher profit margin in 2020. OThe business had trouble meeting its short-term debts in 2020 according to the rule of thumb. d. (2 marks) Which one of the following transactions can immediately decrease the Profit Margin? Pay $2,300 annual insurance premium. Receive $3,000 cash contributed by the owner. Provide services and receive $5,000 cash. Borrow $60,000 bank loan due in 3 years' time. Adjust the expired prepaid insurance of $900. e. (2 marks) Which one of the following transactions can immediately improve the Debt to Total Assets Ratio? Adjust for the consumption of supplies after the annual stocktake. Receive $5,200 cash for services provided and recorded before. Provide services and receive $5,000 cash. Pay $2,300 annual insurance premium. Purchase Vehicle for $6,000 on credit