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 $441,720, common shares were $201,000, and retained eamings were $113,040. Required: Calculate the following: (Use 365 days in a year. Do not round your intermediate colculations. Round the onswers to 2 decimol ploces.) Analysis Component: Identify whether the ratios calculated above are favourable or unfavourable to the industry averages