ngage The balance sheet and income statement for Joe's Fish Hut are presented below: Joe's Fish Hut Balance Sheet As at March 31 2021 2020 ASSETS Current Assets Cash $ 159,173 $63,400 Accounts Receivable $22,100 $10,300 Food Inventory $23,600 $26,200 Total Current Assets $204,873 $99,900 Property and Equipment $ 143,000 $187,000 Less: Accumulated Depreciation $-26,100 $-21,100 TOTAL ASSETS $321,773 $265,800 LIABILITIES AND EQUITY Liabilities Current Liabilities Accounts Payable Bank Loan-Current Portion Total Current Liabilities Bank Loan-Long-Term Portion $32,600 $42,100 $10,000 $10,000 $42,600 $52,100 $83,000 $47.000 TOTAL SHAREHOLDERS' EQUITY $196,173 $166,700 TOTAL LIABILITIES AND EQUITY $321,773 $265,800 Joe's Fish Hut Income Statement For the Year Ended March 31, 2021 Sales $125,000 Cost of Sales $84,900 Gross Profit $40,100 Operating Expenses Insurance Expense $1,060 Rent Expense $4,570 Salaries Expense $5,680 Telephone Expense $720 Interest Expense $1,880 Depreciation Expense $5,000 Total Operating Expenses $18.910 Operating Profit Before Tax $21,190 Income Tax Expense $7,417 Net Profit (Loss) $13,773 Complete the following ratio analysis. 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 days sales outstanding ratio for 2021. Assume all sales are credit sales. Days sales outstanding: days b) Calculate the accounts receivable turnover for 2021. Assume all sales are credit sales Accounts Receivable turnover: times c) Calculate the days' sales in inventory ratio for 2021 Days' Sales in Inventory: days d) Calculate the inventory turnover for 2021. Inventory turnover: times