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The 2023 financial statements of Outdoor Waterworks inc. follow: Analysis Component: Identify whether the ratios calculated above are favourable or unfavourable to the industry averages. Assume all sales were on credit. Also assume the long-term note payable is due in 2026, with no current portion, On the December 31 , 2022 , balance sheet, the assets totalled $440,220, common shares were $199,500, and retained earnings were $112,140. Required: Required: Calculate the following: (Use 365 days in a year. Do not round your intermediate calculations, Round the answers to 2 decimal places.) Analysis Component: Identify whether the ratios calculated above are favourable or unfavourable to the industry averages