he balance sheet and income statement for Joe's Fish Hut are presented below:

Joe's Fish Hut Balance Sheet As at June 30
	2020	2019
ASSETS
Current Assets
Cash	$178,757	$56,900
Accounts receivable	$18,800	$13,800
Merchandise Inventory	$24,900	$26,500
Total Current Assets	$222,457	$97,200
Property, plant & equipment	$128,000	$198,000
Less: Accumulated depreciation	$-25,800	$-21,500
TOTAL ASSETS	$324,657	$273,700
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable	$26,400	$39,500
Notes Payable-Current Portion	$9,000	$9,000
Total Current Liabilities	$35,400	$48,500
Notes Payable-Long-Term Portion	$87,000	$55,000
TOTAL LIABILITIES	$122,400	$103,500
Shareholders' Equity
Common shares	$68,000	$50,600
Retained earnings	$134,257	$119,600
TOTAL SHAREHOLDERS' EQUITY	$202,257	$170,200
TOTAL LIABILITIES AND EQUITY	$324,657	$273,700

Joe's Fish Hut Income Statement For the Year Ended June 30, 2020
Sales	$130,000
COGS	$89,600
Gross Profit	$40,400
Operating Expenses
Insurance Expense	$1,120
Rent Expense	$5,000
Salaries Expense	$4,970
Telephone Expense	$710
Interest Expense	$1,750
Depreciation Expense	$4,300
Total Operating Expenses	$17,850
Operating Profit Before Tax	$22,550
Income Tax Expense	$7,893
Net Profit (Loss)	$14,657

Complete the following ratio analysis.

Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places. a) Calculate the gross profit margin for the 2020. Gross Profit Margin: Answer % b) Calculate the times interest earned ratio for 2020. Times Interest Earned: Answer times c) Calculate the net profit margin for 2020. Net Profit Margin: Answer % d) Calculate the return on equity for 2020. Return on Equity: Answer % e) Calculate the return on assets for 2020. Return on Assets: Answer % f) Calculate the asset turnover ratio for 2020. Asset turnover: Answer times g) Calculate the current ratio for 2020. Current Ratio: Answer h) Calculate the quick ratio for 2020. Quick Ratio: Answer i) Calculate the debt to equity ratio for 2020. Debt to Equity Ratio: Answer j) Calculate the days sales outstanding ratio for 2020. Assume all sales are credit sales. Days sales outstanding: Answer days k) Calculate the accounts receivable turnover for 2020. Assume all sales are credit sales Accounts Receivable turnover: Answer times l) Calculate the days' sales in inventory ratio for 2020. Days' Sales in Inventory: Answer days m) Calculate the inventory turnover for 2020. Inventory turnover: Answer times n) Calculate the debt to assets ratio for 2020. Debt to Assets Ratio: Answer % o) Calculate the working capital for 2020. Working Capital: Answer