The 2023 financial statements of Outdoor Waterworks Inc. follow: sume all sales were on credit. Also assume the long-term note payable is due in 2026, with no current portion. On the 22 , balance sheet, the assets totalled $440,720, common shares were $200,000, and retained earnings were $112,44 quired: lculate the following: (Use 365 days in a year. Do not round your intermediate calculations. Round the answers to 2 ces.) Analysis Component: Identify whether the ratios calculated above are favourable or unfavourable to the industry averages. 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 $440,720, common shares were $200,000, and retained earnings were $112,440. Required: Calculate the following: (Use 365 days in a year. Do not round your intermediate calculations. Round the answers to 2 decimal places.)