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You are the finance manager of Imtiaz Corporation. You would like to assess the liquidity ratios, efficiency ratios and the leverage position of the company and how their ratios affect the company's profitability. The financial statements of the company for the past two years are as follows: Balance Sheet as at 31 December for 2019 and 2020 2019 2020 RM RM Current Assets: Cash 280,000 360,500 Account receivables 436,000 369,500 Inventories 500,000 445,500 Fixed assets Total assets 960,000 2,176,000 1,500,500 2,676,000 Current liabilities: Accounts payable Notes payable Other current liabilities 364,000 340,000 128,800 464,000 244,000 138,500 Long term liabilities Common equity Total liabilities and common equity 336,000 1,007,200 2,176,000 600,000 1,229,500 2,676,000 Income Statement for the year ended 31 December 2019 and 2020 2019 2020 RM RM Sales 2,400,000 4,625,000 Cost of goods sold 1,787,200 1,437,500 612,800 3,187,500 Gross profits Less: Expenses Selling expenses General and administrative expenses 140,000 172,800 150,000 240,000 Earnings before interest and tax Less: Interest expenses 300,000 28,000 445,000 45,000 Earnings before tax Less: Tax (30%) Net Income 272,000 81,600 190,400 2,307,500 692,250 1,615,250 a) Based on the statement, calculate the following ratios: i. Current ratio. ii. Gross profit margin. iii. Inventory turnover ratio. iv. Average collection period. V. Debt ratio. b) Based on the ratio's analysis above, explain the overall financial performance of Imtiaz Corporation from 2019 to 2020