1. Based on the financial statements for Jackson Enterprises (income statement, statement of owner's equity, and balance sheet) shown below, prepare the following financial ratios. All sales are credit sales. The Accounts Receivable balance on January 1, 20 , was 521,140 . Assume 365 days per year. If required, round your answers to two decimal places. For return on owner's equity, enter as a percent but do not include percent sign. Round average number of days answers to one decimal place. 1. Working capital 2. Current ratio 3. Quick ratio 4. Return on owner's equity 5. Accounts receivable turnover and average number of days required to collect receivables Total operating expenses Income from operations $28,00061,826 Interest revenue $1,994 Other expenses: Interest expense Net income 3ackson Enterprises Statement of Owner's Equity For Year Ended December 31, 20 - J. B. Gray, capital, January 1, 20- $85,045 Net income for the year $29,130 \begin{tabular}{|lr|} \hline Less withdrawals for the year & 11,190 \\ \cline { 3 - 3 } Increase in capital & 17,940 \\ \hline 3. B. Gray, capital, December 31, 20- & 102,985 \\ \hline \end{tabular} Jackson Enterprises Balance sheet December 31,20 - Assets Current assets: J. B. Gray, capital, January 1, 20- $85,045 Net income for the year $29,130 Less withdrawals for the year 11,190 Increase in capital 3. B. Gray, capital, December 31,2017,960 Jackeson Enterprises Balance Sheet December 31,20 Assets Current assets: \begin{tabular}{|cr|} \hline Cash & \\ Accounts receivable & $20,736 \\ Merchandise inventory & 18,812 \\ Supplies & 28,303 \\ Prepaid insurance & 1,394 \\ Total current assets & 900 \\ \hline \end{tabular} Property, plant, and equipment: Building $89,220 Loss accumulated depreciation-building $33,79228,780$60,440 Less accumulated depreciation- 7.71826,074 equipment Liabilities Current liabilities: 1. Based on the financial statements for Jackson Enterprises (income statement, statement of owner's equity, and balance sheet) shown below, prepare the following financial ratios. All sales are credit sales, The Accounts Receivable balance on January 1, 20 , was $21,140. Assume 365 days per vear. If required, round your answers to two decimal places. For return on owner's equity. enter as a percent but do not include percent sign. Rouind average number of days answers to one decimal place