The 2020 financial statements of Outdoor Waterworks Inc. follow: Outdoor Waterworks Inc. Income Statement For Year Ended December 31, 2020 Net sales $986,000 Cost of goods sold: Inventory, Dec. 31, 2019 $ 76,360 Purchases 602, 840 Goods available for sale $679,200 Inventory, Dec. 31, 2020 59,340 Cost of goods sold 619,860 Gross profit from sales $366,149 Operating expenses 275, 360 Operating profit $ 90, 780 Interest expense 11 600 Profit before taxes $ 79, 180 Income taxes 18,964 Profit $ 60,216 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 $ 22,400 24,720 52,280 10,760 59,340 5,800 327,520 $502,820 $ 48,920 6,280 7,020 114,600 193,000 133,000 $502,820 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 $433720. common shares were $193,000, and retained earnings were 5108240 Required: Calculate the following: (U16 365 days in a year. Do not round your intermediate calculations. Round the answers 10 2 decintol places.) 101 161 I days Current Quick to Days sales unced Inventory turnover Das sin inventory Rabe o pledged plant assets to secured Timestest earned Prott morgen Totalturnove Return on total assets Return on como holders quity days tot ties tes Analysis Component Identity whether the ratios calculated above are favourable or unfavourable to the industry averages Industry Average 161 111 21 days 5 times Yoldays Current back Dale collected Inventory move Das siem inventory Rato o pledged plant assets to secured Timmersion and ott mag tumove Rumont Return on Common shareholders equity 141 Some 10 23 times 2011 327