The following data are extracted from the financial statements of Frozen Limited and Tarzan Limited for the year ended 31 March 2019.

A2. The following data are extracted from the financial statements of Frozen Limit and Tarzan Limited for the year ended 31 March 2019. Closing inventory Trade receivables Total current assets Trade payables Total current liabilities Sales Cost of sales Gross profit Profit before tax Frozen Limited $'000 10,300 3,800 16,300 4,600 6,920 62,500 50,100 12,400 4,600 Tarzan Limited $'000 9,500 2,300 13,400 4,500 7,810 58,900 51,300 7,600 1,900 Frozen Limited and Tarzan Limited have a similar size and structure. They operate in the same industry. Frozen Limited is able to increase the selling prices of its products during the financial year. Required: (a) Calculate the following ratios (to TWO decimal places) for both Frozen Limited AND Tarzan Limited for the year ended 31 March 2019. (i) Gross profit margin; (ii) Net profit margin (before tax); (iii) Quick ratio; (iv) Trade receivables collection period (in days); and (v) Inventory turnover (in days). (Note: You are required to show the formula for your calculation.) (10 marks) (b) Comment on the profitability and inventory management of the two companies based on the ratios calculated in (a) above