The line chart given below shows production of sugar by two companies A and B in 5 years.

Which of the following statement is correct?
I. The production of sugar by A in years J and K together is 7.69 percent more the production of sugar by B in year L and M together.
II. The ratio of combined production of sugar by B in years M and N to the combined production of sugar by A in years K and L is 21 : 16.