Alexa Company (Alexa) and Maggie Company (Maggie) both operate in the same industry based in the Annapolis Valley. For the year ending December 31, 2021, Alexa and Maggle have reported the following key financial Information. Alexa Maggle Net Sales Revenue 2,500,000 360,000 Cost of Goods Sold 1,625,000 220,000 Operating Expenses 625,000 62,500 Interest Expense Income Tax Expense Net Income 102,000 65,750 130,000 8,250 18,000 3,500 Cash 175,000 72,000 Short-term Investments 60,000 4,000 Accounts Receivable 80,000 11,500 Inventory 95,000 25,000 Short-term Notes Receivable 56,000 11,200 Total Current Assets 466,000 123,700 Property, Plant and Equipment, Net 3,404,000 1,212,000 Total Assets 3,870,000 1,335,700 Total Current Liabilities 450,000 85,000 Long-term Debt 1,000,000 320,700 Total Liabilities 1,450,000 405,700 Share Capital 200,000 150,000 Retained Earnings 2,220,000 780,000 Other Relevant Information Alexa Maggie Average Inventory 145,000 15,000 Note: DO NOT use commas, dollar signs, or percentage signs in your answers (e.g. 2750, NOT $2,750 and 25 NOT 25%). a) Based on the above Information, calculate the following ratios (up to 2 decimal places where appropriate): Gross Margin $ Gross Margin % Net Working Capital Current Ratio Acid Test Ratio Debt Ratio Inventory Turnover 5pts, suggested time 5min. b) Which company do you think is in a better financial position based on the ratios above and why? T: A Q x G #IBIU