Condensed financial statements for RSA Sdn Bhd appear below:

Comparative Statement of Financial Position
	2021	2020
Cash	RM 128,000	RM 201,000
Accounts receivable	472,000	438,000
Inventories	797,000	673,000
Prepaid expenses	81,000	92,000
Plant and equipment (net)	2,655,000	2,428,000
Total assets	RM4,133,000	RM3,832,000
Accounts payable	RM 198,000	RM 280,600
Long-term bonds payable	1,000,000	1,000,000
Preferred stock, 10%, $100 par	450,000	450,000
Common stock, no par	1,800,000	1,800,000
Retained earnings	685,000	301,400
Total liabilities and stockholders equity	RM4,133,000	RM3,832,000

Income Statement December 31, 2021
Sales, net	RM5,400,000
Less cost of goods sold	3,240,000
Gross margin	2,160,000
Less operating expenses	1,010,000
Net operating income	1,150,000
Interest expense	80,000
Net income before taxes	1,070,000
Less income taxes	321,000
Net income	RM 749,000

There were 72,000 shares of common stock outstanding throughout the 2021. Dividends on common stock amounted to RM320,400 and dividends on preferred stock amounted to RM45,000. The market value of a share of common stock was RM54 at the end of 2021. The income tax rate is 30%.

Required:

Evaluate the profitability and liquidity ratios for the year 2021.