The 2023 financial statements of Outdoor Waterworks Inc. follow: Outdoor Waterworks Inc. Income Statement For Year Ended December 31, 2023 Net sales $ 1,026,000 Cost of goods sold: Inventory, Dec. 31, 2022 $ 78,360 Purchases 606,840 Goods available for sale $ 685,200 Inventory, Dec. 31, 2023 59,940 Cost of goods sold 625,260 Gross profit from sales $ 400,740 Operating expenses 279,360 Operating profit $ 121,380 Interest expense 12,000 Profit before taxes $ 109,380 Income taxes 19,164 Profit $ 90,216 Outdoor Waterworks Inc. Balance Sheet December 31, 2023 Assets Cash $ 22,800 Current non-strategic investments 25,200 Accounts receivable, net 52,680 Notes receivable 11,160 Inventory 59,940

Prepaid expenses		5,880
Plant and equipment, net		329,520
Total assets	$	507,180
Liabilities and Equity
Accounts payable	$	49,080
Accrued wages payable		6,360
Income taxes payable		7,140
Long-term note payable, secured by mortgage on plant		115,800
Common shares, 160,000 shares		195,000
Retained earnings		133,800
Total liabilities and equity	$	507,180

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 $435,720, common shares were $195,000, and retained earnings were $109,440. 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 to 1

b) quick ratio to 1

c) days sales uncollected Days

d) inventory turnover Times

e) days sales in inventory days

f) ratio of pledged plant assets to secured liabilities %

g) times asset turnover times

h) return on total assets %

i) return on common shareholders`s equity %

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