1.use the following balance sheet and income statement for central perks to calculate the requested ratios below:

d ratios b statement for Central Perk to calculate the requested X Chapter 9 HW (Empty) - Saved to OneDrive & search ( AIt + Q) Home Insert Draw Page Layout Formulas Data Review view Help Calculate the ratios below and answer the related interpretive questions. QQ2Q3+ 42:F Partly sunny \begin{tabular}{|l|} \hline \multicolumn{1}{|c|}{ Calculate the ratios below and answer the related interpretive questions. } \\ \hline Gross Profit Rate \\ \hline Inventory Turnover \\ \hline Days in Inventory \\ \hline Accounts Receivable Turnover Ratio \\ \hline Average Collection Period \\ \hline Theindustryaverageaccountsreceivableturnoverratiois42.04,howdoesCentralPerkcompare? \\ \hline Theindustryaveragedaystocollectaccountsreceivableis7.34,howdoesCentralPerkcompare? \\ \hline \end{tabular}