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 $438,720, common shares were $198,000, and retained earnings were $111,240. 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 $438,720, common shares were $198,000, and retained earnings were $111,240. 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