Comparative financial statements for The Sandhill Company Ltd. are shown below. THE SANDHILL COMPANY LTD. Income Statement Year Ended December 31 2021 2020 Net sales $1,902,350 $1,843,520 Cost of goods sold 992,980 1,035,670 Gross profit 909,370 807,850 Operating expenses 566,880 477,170 Profit from operations 342,490 330,680 Interest expense 29,530 18,220 Profit before income tax 312,960 312,460 Income tax expense 93,888 93,738 Profit $219,072 $218.722 THE SANDHILL COMPANY LTD. Balance Sheet December 31 2021 2020 THE SANDHILL COMPANY LTD. Balance Sheet December 31 Assets Current assets Cash Accounts receivable Inventory Total current assets Property, plant, and equipment Total assets Liabilities and Shareholders' Equity Current liabilities Accounts payable Income tax payable Current portion of mortgage payable Total current liabilities Mortgage payable Total liabilities Shareholders' equity $87,705 98,711 143,470 329,886 572,758 $902,644 $66,638 96,905 112,670 276,213 536,106 $812,319 $145,030 47.420 10.810 203,260 109,900 313,160 $126,347 38,960 20,410 185,717 217.900 403,617 Shareholders' equity Common shares (60,010 issued in 2021; 63,660 in 2020) Retained earnings Total shareholders' equity Total liabilities and shareholders' equity 180.030 409,454 589,484 $902.644 190,980 217722 408,702 $812.319 Additional information 1. All sales were on account. 2. The allowance for doubtful accounts was $5.041 in 2021 and $5.592 in 2020, 3. On July 1, 2021.3.650 shares were reacquired for 59 per share and cancelled. 4. In 2021, $5,440 of dividends were paid to the common shareholders 5. Cash provided by operating activities was $343,582 6. Cash used by investing activities was $167.343. Calculate all possible liquidity, solvency and profitability ratios for 2021. Round answers for Collection period. Days sales in invern Operating cycle and Free cash flow to decimal places, eg 125. Round answer for Earnings per share to 2 decimal places, eg. 12.56. R all other answers to 1 decimal place.eg 125 or 12.5%) 1. Current ratio 2. Acid-test ratio 3. Receivables turnover times 4. Collection period days 5. Inventory turnover times 6. Days sales in inventory days 7. Operating cycle days Solvency Ratios 8. Debt to total assets % 9. Interest coverage times 10. Free cash flow $ Profitability Ratios 11. Gross profit margin % 12. Profit margin % 13. Asset turnover tin 14. Return on assets % 15. Return on equity % 16. Earnings per share $ 17. Payout ratio 96