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Please help with what should be the correct working and answers for the parts that are incorrect, thank you!

Ratio Analysis World Ltd. has the following comparative balance sheet data. Additional information for 2022 : a. Net income was $28,000. b. Sales on account were $390,000. c. Cost of goods sold was $183,750. Assume payables are due in 2030. Required: Compute the following ratios at December 31, 2022. Enter all ratios / turnovers to two decimal places. 1. Current ratio x 2. Acid-test ratio x 3. Accounts receivable turnover times 4. Inventory turnover times Computation of Debt-Related Financial Ratios The following information comes from the financial statements of Walker Company: Required: Compute the following ratio values, Enter all ratios to two decimal places. 4. You are a bank manager considering making a new $70,000 loan to Walker that would replace part of the existing long-term debt. You expect Walker to repay your loan in two years. Which of the ratios computed in parts (1) through (3) would be most useful to you in evaluating whether to make the loan to Walker? Working Backwards Using Common Ratios Suppose that Benjamin Company's assets, liabilities, and equity stayed the same during 2022. The following information for Benjamin Company for 2022 has been assembled: Required: Compute the following: When required round "Current ratio" answer to two decimal places and "Return on equity and Return on sales" answers to 1 decimal place. Fixed Asset Turnover Ratio Waston Company reported the following asset values in 2021 and 2022 : In addition, Waston had net sales of $1,982,500 in 2022. Cost of goods sold for the year was $1,250,000. As of the end of 2021, the fair value of Waston's total assets was $1,250,000. Of the excess of fair value over carrying amount, $25,000 resulted because the fair value of Waston's inventory was greater than its recorded carrying amount. As of the end of 2022 , the fair value of Waston's total assets was $1,750, 000. As of December 31, 2022, the fair value of Waston's inventory was $40,000 greater than the inventory's recorded book value. Required: 1. Compute Waston's fixed asset turnover ratio for 2022. Round your answer to two decimal places. x times 2. Using the fair value of fixed assets instead of the carrying amount of fixed assets, recompute Waston's fixed asset turnover ratio for 2022. Round your answer to two decimal places. x times 3. Waston's primary competitor is Handy Corner. Handy Comer's fixed asset turnover ratio for 2022, based on publicly available information, is 2.8 times. is Waston's more or less efficient at using its fixed assets than Handy Corner? It is to tell whether Waston is more or less efficient than Handy Corner at using its fixed assets. The difference in their fixed asset turnover ratios may be because of a difference between book value and fair value of reported non-current assets. If Handy Corner has their fair value. Then Waston's fixed asset turnover ratio, based on fair values, is than the ratio value for Handy Corner