The following is the financial statements of CIKU Industries for the year ended December 31, 2020. CIKU Industries Income Statement for the Year Ended December 31, 2020 Sales Less: Cost of goods sold Gross profits Less: Operating expenses Selling expense General and administrative expenses Lease expense Depreciation expense Total operating expense Operating profits Less: Interest expense Net profits before taxes Less: Taxes Net profits after taxes 400,000 212,000 188,000 32,000 20,000 2,000 20,000 74,000 114,000 12,200 101,800 8,720 93,080 Required: CIKU Industries Balance Sheet December 31, 2020 RM 1000 2000 60000 91000 154000 52000 180000 76000 156000 310000 Assets Cash Marketable securities Accounts receivable Inventories Total current assets Land Buildings and equipment Less: Accumulated depreciation Net fixed assets Total assets Liabilities and Stockholders' Equity Accounts payable Notes payable Total current liabilities Long-term debt Common stock Retained earnings 54000 94000 148000 45900 63000 53100 Total liabilities and stockholders' equity 310000 *Based on a 365-day year and on end-of-year figures. a) Calculate the following financial ratios for CIKU Industries for year 2020. i. Current ratio ii. Quick ratio iii. Inventory turnover. iv. Average collection period. v.Debt ratio vi. Gross profit margin vii. Net profit margin viii. Return on total assets