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 $438.220, common shares were $197,500, and retained earnings were $110,940. 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 $438,220, common shares were $197,500, and retained earnings were $110,940. 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. 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 $438.220, common shares were $197,500, and retained earnings were $110,940. 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 $438,220, common shares were $197,500, and retained earnings were $110,940. 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