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The 2023 financial statements of Outdoor Waterworks Inc. follow: 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 $435,720, common shares were $195.000 ond retained earnings were $109,440 Required: Colculate 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