The following information is extracted from the 2020 and 2021 financial report of a business. 2020(5) 2021(5) Current Assets 262,500 416,500 Non-current Assets 328,200 506,700 Non-current liabilities 331,850 457,600 Owner's Equity (Ending Balance) 148,200 305,500 Total Income 144,450 148,800 Total Expenses 84,000 78,700 For Parts a), b), and c), round your answer to the nearest 0.01% (2 dp). Do not include the % symbol. Do not use comma separators. For example, if your answer is 0.12345, 12.35 would be the correct format. a. (1 mark) Calculate the Return on Assets for the 2021 financial year. 9.26 b. (1 mark) Calculate the Profit Margin for the 2020 financial year. 41.85 C. (1 mark) Calculate the Profit Margin for the 2021 financial year. 47.11 d. (1 mark) Calculate the Current Ratio for the 2020 financial year. e. (1 mark) Calculate the Current Ratio for the 2021 financial year. :1 f. (1 mark) Calculate the Debt to Total Assets ratio for the 2020 financial year. 31 9. (1 mark) Calculate the Debt to Total Assets ratio for the 2021 financial year. 31 n. (2 marks) Which ONE of the following statements is correct regarding the ratio analysis above? According to the rule of thumb, the business had difficulty to repay its short-term debt in 2021. OThe business has a higher risk to survive in the long term in 2021. The business's major source of funding is from owner's contribution in 2020, According to the rule of thumb, the business had difficulty to repay its short-term debt in 2020. The current ratio has been improved in 2021. ONone of the other statements is true. 1.(2 marks) Which ONE of the following transactions can immediately improve the Return on Assets? OPay wages expenses recognised and recorded last month. Receive cash for services to be provided in the future. ONone of the transactions can improve the Return on Assets None of the u 1. (2 marks) Which ONE of the following transactions can immediately improve the Return on Assets? Opay wages expenses recognised and recorded last month. OReceive cash for services to be provided in the future. None of the transactions can improve the Return on Assets OOwner contributes cash to the business, Purchase a company vehicle on credit Purchase supplies using cash, J. (2 marks) Which ONE of the following transactions can immediately improve the Current Ratio? OReceive cash for services provided and recorded before. OPay annual insurance premium Provide services for cash received and recorded last month. ONone of the transactions can improve the current ratio. Repay a bank loan due in 5 years' time. Purchase a company vehicle on credit