The following ratios have been calculated from the most recent financial statements for Goodman Enterprises and Kwiksave Limited. Both businesses operate in the retail industry. Average collection period Gross profit margin Average days in inventory Net profit margin Goodman Enterprises 55 days 39% 46 days 9.9% Kwiksave Limited 22 days 13% 23 days 9.9% REQUIRED: (a) Compare and contrast the profitability and liquidity of Goodman Enterprises and Kwiksave Limited on the basis of the ratios above. (word limit: 300 words) (b) Explain which of the two businesses is likely to be operating in a price-competitive environment and to what extent this has impacted on their net profit margin. (word limit: 150 words)