I need help on understanding and solving this question based on the table uploaded

(a) Explain 3 purposes of ratio analysis.

(b) Based on information given above, calculate and give comments on the following ratios for Cat Enterprise.

i. Gross profit margin

ii. Net profit margin

iii. Inventory turnover ratio

iv. Current ratio

v. Quick ratio or Acid-test ratio

vi. Average Collection Period

Cat Enterprise Statement of Profit or Loss and other Comprehensive Income for the year ended 31 December 2017 RM RM RM Sales 64,600 Less: Cost of Goods Sold Opening inventories 6,500 32,500 1,300) 31,200 Purchases (-) Return outwards 37,700 (-) Closing inventories 8,550 29,150 35,450 Cost of Sales Gross Profit Less: Expenses 10,595 Net Profit 24,855 Statement of Financial Position as at 31 December 2017 RM NON-CURRENT ASSETS 86,000 15,600 Motor Vehicles Fixtures and Fittings 101,600 CURRENT ASSETS: 8,550 14,040 20,735 Inventories Account Receivables Cash in bank 43,325 44,925 FINANCED BY: 105,250 24,855 Capital (+) Net Profit 130,105 CURRENT LIABILITIES Account Payable 14,820 144,925