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 $436,720, common shares were $196,000, and retained earnings were $110,040. places.) Analysis Component: Identify whether the ratios calculated above are favourable or unfavourable to the industry averages