After completing requirement a, b and c (above) please answer the following questions.

i. Based on the Ratios for each company

1. Which company had the higher Gross Profit Percentage? 5 points.

2. How many days does Company P sell through their inventory? 5 points.

3. How many days does Company K sell through their inventory? 5 points.

4. Based on the answers in questions 2 and 3, which company is selling through their inventory quicker? 5 points.

ii. Which company has the best current ratio? (Please refer to your notes) 5 points.