Smith Inc. is a wholesaler of snow skiing gear. The following data relates to two businesses, for the year ended 31st March 2021. All sales are on credit and all cost of sales and expenses are on credit. (a) For each company calculate the following to two decimal places: (i) Gross profit percentage (ii) Net profit percentage (iii) Stock turnover rate (vi) Current ratio (x) Acid test ratio ( 5 marks)