The 2023 financial statements of Outdoor Waterworks Inc. follow: Assume all sales were on credit Also assume the lond-term note payable is due in 2026; with no current portion, Qn the Dectember 31 , 2022. balance sheet the assets totalled 5436.220 , common ghares were 5195,500 and retaned earning5 were 5109740 Required: 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 $436,220, common shares were $195,500, and retained earnings were $109,740. Required: Calculate the following: (Use 365 days in a year. Do nor 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