Assume all sales were on credit. Also assume the long-term note payable is due in 2026. with no current portion. On the December 3t 2022 , balance sheet, the assets totalled $434.720, common shares were $194,000, and retained earnings were $108,840 Required: Calculate the following: (Use 365 doys in o year. Do not round your intormediote colulotions. Round the answers to 2 decimal places.) Analysis Component: Identify whether the ratios calculated above are favourable or unfavourable to the industry averages. The 2023 financial statements of Outdoor Waterworks Inc. follow: Required: Calculate the following: (Une 365 days in a year. Do not round your intermediate caiculations. Round the answers to 2 decimal places.) Analysis Component: Identify whether the ratios calculated above are favourable or untavourable to the industry averages