The 2020 financial statements of Outdoor Waterworks Inc. follow: Outdoor Waterworks Inc. Income Statement FOR Year Ended December 31, 2020 Net sales $1,026,000 Cost of goods sold Inventory. Dec. 31, 2019 $ 78,360 Purchases 606,840 Goods available for sale $ 685,200 Inventory, Dec. 31, 2020 59,940 Cost of goods sold 625, 260 Gross profit from sales 400, 740 Operating expenses 279, 360 Operating profit $ 121,380 Interest expense 12.000 Profit before taxes $ 109, 380 Income taxes 19,164 Profit S 90,216 Outdoor Waterworks Inc. Balance Sheet December 31, 2020 Assets Outdoor Waterworks Inc. Balance Sheet December 31, 2020 Assets Cash Current non-strategic investments Accounts receivable, net Notes receivable Inventory Prepaid expenses Plant and equipment, net Total assets Liabilities and Equity Accounts payable Accrued wages payable Income taxes payable Long-term note payable, secured by mortgage on plant Common shares, 160,000 shares Retained earnings Total liabilities and equity $ 22,800 25,200 52, 680 11,160 59,940 5,880 329,520 $507,180 $ 49,000 6,360 7, 140 115,800 195,000 133, 800 $507,180 Assume all sales were on credit. Also assume the long-term note payable is due in 2023, with no current portion on the Dece fr finn Return to question Assume all sales were on credit. Also assume the long-term note payable is due in 2023, with no current portion on the December 31 2019, balance sheet, the assets totalled $435,720, common shares were $195,000, and retained earnings were $109,440. Required: Calculate the following: (Use 365 days in a year. Do not round your intermediate calculations. Round the answers to 2 decimal places.) a. Current ratio b. Quick ratio c Days' sales uncollected d. Inventory turnover e Days' sales in inventory Ratio of pledged plant assets to secured liabilities 9. Times interest earned h. Profit margin 1. Total asset tumover 1 Return on total assets k Return on common shareholders' equity to 1 to 1 days times days to 1 times % times % %