1. (a) Show the formula for calculating each of the following: (i) Gross Profit Rate. (i) Net Profit Rate. (iii) Current Ratio. (iv) Quick Ratio. (b) What functional groupings can be given to the various ratios in part (a)? () Identify the various ratios from part (a) to the groupings in part (b). When evaluating the ratios calculated for a period, what other criteria should be considered in conjunction, so as to provide to management the maximum value from the evaluation? Explain for each of the following: (@) Gross Profit Rate. (b) Net Profit Rate. () Current Ratio. (d) Quick Ratio