Began Operations in 2020. Its comparative income statements and balance sheets follow. Use a formula to calculate the ratios below. The AVERAGE function must be used in any ratios.

Please explain how to get the answers as well, thanks.

Net sales Cost of goods sold Gross margin Operating expenses Net income Comparative Income Statements For Years Ended December 31, 2023-2020 2023 2022 2021 $202,000 $180,000 $157,000 120,000 104,000 90,000 82,000 76,000 67,000 37,000 34,000 30,000 $45,000 $42,000 $37,000 2020 $112,000 76,000 36,000 16,000 $20,000 CULTIWall alivallalilo IICOS Cash Accounts receivable, net Merchandise inventory Plant assets, net Total assets For Years Ended December 31, 2023-2020 2023 2022 2021 $154,000 $113,000 $116,000 57,000 50,000 44,000 19,000 47,000 14,000 160,000 150,000 130,000 $390,000 $360,000 $304,000 2020 $108,000 31,000 34,000 120,000 $293,000 Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and equity $36,000 160,000 50,000 144,000 $390,000 $31,000 180,000 50,000 99,000 $360,000 $27,000 170,000 50,000 57,000 $304,000 $23,000 200,000 50,000 20,000 $293,000 2023 2022 2021 2023 2022 2021 Liquidity and Efficiency Current ratio Acid-test ratio Accounts receivable turnover Inventory turnover Total asset turnover Solvency Debt ratio Equity ratio Sum of Debt and Equity ratios Debt-to-equity ratio Profitability Profit margin ratio Gross margin ratio Return on total assets 2023 2022 2021