The following were the financial information pertaining to Nona Enterpeise for 2015. Additional information: 1. Total sales for the year ended 31 December 2015 was RM280,000. Out of this total sales, RM120,000 was cash sales. 2. Cost of sales amounted to RM195,000 and average inventory was RM55,000. 3. Use 380 dwys in a year. Required: a. Compute the following ratios for Nona Enterprise for the year ended 31 December 2015. i. Gross peoft margin ii. Net proff margin ii. Average collection period N. Current ratio v. Quick ratio vi. Imventory tumover ratie (12 marks) b. Explain briedly TWO (2) purpeces of using ratio for the business. (3 marics) (Total: 15 marks) The following figures were extracted from the financial statements of MEGA Engineering. Suppliers at 31 December 2012. Required: a. Calculate the following ratios: (i) gross profit margin. (ii) net profit margin. (iii) inventory turnover ratio. (iv) current ratio. (v) acid test ratio. (10 marks) b. The following figures are taken from another business in the same industry, MERCU Engineering, for the year ended 31 December 2012. MERCU Engineering Required: Compare your results in (a) above with those given for MERCU Engineering. As a result of your comparison, which business do you think is more successful in 2012. Give your reasons. (5 marks) (Total: 15 marks)