Comparative financial statements for The Carla Vista Company Ltd. are shown below. THE CARLA VISTA COMPANY LTD. Income Statement Year Ended December 31 2021 2020 Net sales $2.005.050 $1.842.050 Cost of goods sold 1.110,040 958,820 Gross profit 895,010 883,230 Operating expenses 475,860 459,160 Profit from operations 419.150 424,070 Interest expense 28.080 17.130 Profit before income tax 391,070 406,940 Income tax expense 117,321 122,082 Profit $273,749 $284,858 2020 $66,938 101,611 115,990 284,539 561.520 $846,059 THE CARLA VISTA COMPANY LTD. Balance Sheet December 31 Assets 2021 Current assets Cash $52,228 Accounts receivable 101,008 Inventory 143,350 Total current assets 296,586 Property, plant, and equipment 669,784 Total assets $966,370 Liabilities and Shareholders' Equity Current liabilities Accounts payable $148,620 Income tax payable 45,370 Current portion of mortgage payable 9.370 Total current liabilities 203,360 Mortgage payable 94.330 Total liabilities 297,690 Shareholders' equity Common shares (52,940 issued in 2021; 57,170 in 2020) 158,820 Retained earnings 509,860 Total shareholders' equity 668.680 Total liabilities and shareholders' equity $966,370 $129.888 42,520 21,660 194,068 214,300 408,368 171,510 266,181 437,691 $846,059 Additional information: Additional information: 1. All sales were on account. 2. The allowance for doubtful accounts was $5,695 in 2021 and $5,128 in 2020. 3. On July 1, 2021, 4,230 shares were reacquired for $9 per share and cancelled. 4. In 2021, $4,690 of dividends were paid to the common shareholders. 5. Cash provided by operating activities was $331,037. 6. Cash used by investing activities was $157,367. Calculate all possible liquidity, solvency, and profitability ratios for 2021. (Round answers for Collection period, Days sales in inventory, Operating cycle and Free cash flow to decimal places, e.g. 125. Round answer for Earnings per share to 2 decimal places, e.g. 12.56. Round all other answers to 1 decimal place, e.g. 12.5 or 12.5%.) Liquidity Ratios 1. Current ratio 2. Acid-test ratio 3. times Receivables turnover Collection period 4 days 5. Inventory turnover times 6. Days sales in inventory days 7. Operating cycle days Solvency Ratios 8. Debt to total assets Interest coverage % 9. times 10. Free cash flow $ Profitability Ratios 11. Gross profit margin % 12. Profit margin % 13. Asset turnover times 14. Return on assets % % 15. Return on equity 16. Earnings per share $ 17. Payout ratio %