Gabriel made 5 small meatloaves. He cut each meatloaf into fourths. How many 1 4 -size pieces of meatloaf does Gabriel have? A model may help in solving this problem.

Set $r$ is a set of rectangles such that (1) only the grid points shown here are used as vertices, (2) all sides are vertical or horizontal and (3) no two rectangles in the set are congruent. if $r$ contains the maximum possible number of rectangles given these conditions, what fraction of the rectangles in set $r$ are squares? express your answer as a common fraction.