The following table is partially extracted from the cash flows statement of People Infrastructure Ltd (PPE), 2020.

30 June 2020 $ 30 June 2019 $

	Net cash provided by operating activities 27,128,847	10,856,458
Net cash (used in)/provided by investing activities (13,451,546) (30,390,750)

Assume the net operating assets are $124,561,071, $105,191,583 and $90,533,677 for year 2020, 2019, and 2018 respectively. And Net income is $16,396,195 and $9,693,783 for 2020 and 2019. Answer the following questions:

Question A. Please calculate the accrual ratio for 2020 using cash flow statement approach

Question B. Please calculate the accrual ratio for 2020 and 2019using balance sheet approach

Question C. based on what you calculate in previous question using balance sheet-based accruals, answer what happened to the quality of earnings from 2019 to 2020