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help me please Financial Ratios Financial statements for Paulson's Pet Store are shown. Paulson's Pet Store Income Statement For Year Ended December 31, 20- Revenue

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Financial Ratios Financial statements for Paulson's Pet Store are shown. Paulson's Pet Store Income Statement For Year Ended December 31, 20- Revenue from sales: Sales $326,040 Less: Sales returns and allowances Net sales 5,360 $320,680 Cost of goods sold: Merchandise inventory, January 1, 20- Estimated returns inventory, January 1, 20- Purchases Less: Purchases returns and allowances Less: Purchases discounts $59,200 800 $60,000 $162,640 $4,080 3,200 7,280 $155,360 Net purchases Add freight-in Cost of goods purchased Goods available for sale 1.600 156,960 $216,960 Less: Merchandise inventory, December 31, 20-- $64.800 1,200 66,000 150,960 $169,720 $69,400 1,200 800 Less: Estimated returns inventory, December 31, 20- Cost of goods sold Gross profit Operating expenses: Wages expense Advertising expense Supplies expense Phone expense Utilities expense Insurance expense Depreciation expense-building Depreciation expense store equipment Miscellaneous expense Total operating expenses Income from operations Other expenses 2,736 2,864 1,600 10,000 1,800 600 91,000 578,720 Interest expenso 640 Net Income $78,080 Paulson's Pet Store Statement of Owner's Equity Paulson's Pet Store Statement of Owner's Equity For Year Ended December 31, 20-- B. Paulson, capital, January 1, 20-- $504,320 Add additional investments 30,000 Total investment $534,320 Net income for the year $78,080 Less: Withdrawals for the year 4,800 Increase in capital 73,280 B. Paulson, capital, December 31, 20-- $607,600 Paulson's Pet Store Balance Sheet December 31, 20-- Assets Current assets: Cash $23,440 9,360 64,800 Accounts receivable Merchandise inventory Estimated returns inventory Supplies Prepaid insurance 1,200 2,400 1,800 Total current assets $103,000 Property, plant, and equipment: Land $90,000 $350,000 Building Less: Accumulated depreciation Store Equipment Less: Accumulated depreciation 20,000 330,000 $120,000 3,600 116,400 536,400 Total assets 5639,400 Liabilities Total assets $639,400 Liabilities Current liabilities: $2,000 Note payable Accounts payable Customer refunds payable 9,560 1,600 Wages payable 1,200 Sales tax payable 3,440 Total current liabilities $17,800 Long-term liabilities: $ 16,000 2,000 14,000 Note payable Less: Current portion Total liabilities Owner's Equity B. Paulson, capital Total liabilities and owner's equity $31,800 607,600 $639,400 All sales are credit sales. The Accounts Receivable balance on January 1, 20-, was $10,200. Required: Compute the financial ratios. Round answers to one decimal place, Compute the financial ratios. Round answers to one decimal place. Financial Ratios Current ratio 1.67 to 1 Quick ratio to 1 Working capital Return on owner's equity % Accounts receivable turnover Average number of days to collect receivables Inventory turnover days Average number of days to sell inventory days d

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