The 2023 financial statements of Outdoor Waterworks Inc. follow: Assume all sales were on credit. Also assume the long-term incte payable is due in 2026, with no cutrent portion. On the December 31. 2022, balance sheet, the assets totalled \$437,220, common shares were $196.500 and retained earnings were $1/0.540. Required: Calculate the following. (Use 365 days in a year. Do not round your intermediate calculations. Round the answers o 2 decimal places.) 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 $437,220, common shares were $196,500, and retained earnings were $110,340. 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