The 2023 financial statements of Outdoor Waterworks Inc. follow: Outdoor Waterworks Inc. Income Statement For Year Ended December 31, 2023 Net sales $ 1,136,000 Cost of goods sold: Inventory, Dec. 31, 2022 $ 83,860 Purchases 617,840 Goods available for sale $ 701,700 Inventory, Dec. 31, 2023 61,590 Cost of goods sold 640,110 Gross profit from sales $ 495,890 Operating expenses 290,360 Operating profit $ 205,530 Interest expense 13,100 Profit before taxes $ 192,430 Income taxes 19,714 Profit $ 172,716 Outdoor Waterworks Inc. Balance Sheet December 31, 2023 Assets Cash $ 23,900 Current non-strategic investments 26,520 Accounts receivable, net 53,780 Notes receivable 12,260 Inventory 61,590 Prepaid expenses 6,100 Plant and equipment, net 335,020 Total assets $ 519,170 Liabilities and Equity Accounts payable $ 49,520 Accrued wages payable 6,580 Income taxes payable 7,470 Long-term note payable, secured by mortgage on plant 119,100 Common shares, 160,000 shares 200,500 Retained earnings 136,000 Total liabilities and equity $ 519,170

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 $441,220, common shares were $200,500, and retained earnings were $112,740. Required: Calculate the following: (Use 365 days in a year. Do not round your intermediate calculations. Round the answers to 2 decimal places.)

a. current ratio

b. quick ratio

c. days' sales uncollected

d. inventory turnover

e. days' sales in inventory

f. ratio of pledged plant assets to secured liabilities

g. times interest earned

h. profit margin

i. total asset turnover

j. return on total assets

k. return on common shareholders' equity

Analysis Component: Identify whether the ratios calculated above are favourable or unfavourable to the industry averages.

a. current ratio

b. quick ratio

c. days' sales uncollected

d. inventory turnover

e. days' sales in inventory

f. ratio of pledged plant assets to secured liabilities

g. times interest earned

h. profit margin

i. total asset turnover

j. return on total assets

k. return on common shareholders' equity