Uptodate Projects Ltd has approached you to analyze and interpret their financial statements. The following amounts were extracted from the records of the company: $201920202021$ RRR Turnover $200000220000250000$ Cost of sales: $140000,150000,165000$ Profit before interest and tax $120001100010500$ Accounts receivable $165002500029600$ Accounts payable $130001470017000$ Inventory $187502600030400$ Bank$/($Overdraft$)4000(1000)(2000)$ Required: $3\mathrm{.}1$ Explain the purpose of financial statement analysis. $(3)3\mathrm{.}2$ Calculate each of the following ratios for each of the three $(3)$ years: $3\mathrm{.}2\mathrm{.}1$ Accounts receivable collection period $3\mathrm{.}2\mathrm{.}2$ Inventory holding period $3\mathrm{.}2\mathrm{.}3$ Accounts payable payment period $3\mathrm{.}2\mathrm{.}4$ Current ratio $3\mathrm{.}2\mathrm{.}5$ Acid test ratio $(15)3\mathrm{.}3$ Comment on the company$$s working capital management in light of the analysis undertaken in $3\mathrm{.}2$ above. $(7)$