X Corporation, 2018 and 2019 Balance Sheet $ 98 188 422 $ 708 $2,880 $3,588 Assets Current assets Cash $ 84 Accounts receivable 165 Inventory 393 Total $ 642 Fixed assets Net plant and equipment $2,731 Total assets $3,373 Liabilities and Owners' Equity Current liabilities Accounts payable $ 312 Notes payable 231 Total $ 543 Long-term debt $ 531 Owners' equity Common stock and paid-in surplus $ 500 Retained earnings 1,799 Total $2,299 Total liabilities and owners' equity $3,373 X Corporation, 2019Inome Statement $ 344 196 $ 540 $ 457 $ 550 2,041 $2,591 $3,588 $2,311 1,344 276 $ 691 Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes (34%) Net income 141 $ 550 187 $ 363 a. Calculate and interpret the Return on Asset for 2019. If the industry benchmark for Return on Asset is 20% and the deposit rate in a bankis 11%, what will be your opinion regarding X corporation? b. If the annual sales for 2018 is 2200, calculate and interpret the average collection period for 2018. If the industry benchmark for average collection period 10, what will be your opinion regarding X corporation Provide a detailed explanation