b) Which company do you think is in a better financial position based on the ratios above and why? 1 Ff T. A C# I B 1 U # G 0 A Alexa Company (Alexa) and Maggle Company (Maggle) 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 Maggie 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 130,000 8,250 Income Tax Expense 18,000 3,500 Net Income 102,000 65,750 Cash 175,000 72,000 60,000 4,000 Short-term Investments Accounts Recevable 80,000 Inventory 95,000 11,500 25,000 11,200 123,700 56,000 Short-term Notes Recevable Total Current Assets 466,000 Property, plant and Equipment, Net 3,404,000 1,212,000 Total Assets 3,870,000 1,335,700 450,000 85,000 Total Current Liabilities Long-term Debt 1,000,000 320,700 Total Liabilities 1,450,000 405,700 Share Capital Retained Earnings 200,000 150,000 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