The balance sheet and income statement for Joe's Fish Hut are presented below:

Joe's Fish Hut Balance Sheet As at August 31
	2020	2019
ASSETS
Current Assets
Cash	$169,809	$56,500
Accounts receivable	$17,600	$13,700
Merchandise Inventory	$20,100	$25,500
Total Current Assets	$207,509	$95,700
Property, plant & equipment	$148,000	$196,000
Less: Accumulated depreciation	$-27,000	$-21,800
TOTAL ASSETS	$328,509	$269,900
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable	$27,700	$40,400
Notes Payable-Current Portion	$6,500	$6,500
Total Current Liabilities	$34,200	$46,900
Notes Payable-Long-Term Portion	$76,000	$46,000
TOTAL LIABILITIES	$110,200	$92,900
Shareholders' Equity
Common shares	$82,000	$55,400
Retained earnings	$136,309	$121,600
TOTAL SHAREHOLDERS' EQUITY	$218,309	$177,000
TOTAL LIABILITIES AND EQUITY	$328,509	$269,900

Joe's Fish Hut Income Statement For the Year Ended August 31, 2020
Sales	$126,000
COGS	$83,500
Gross Profit	$42,500
Operating Expenses
Insurance Expense	$980
Rent Expense	$5,830
Salaries Expense	$5,860
Telephone Expense	$700
Interest Expense	$1,300
Depreciation Expense	$5,200
Total Operating Expenses	$19,870
Operating Profit Before Tax	$22,630
Income Tax Expense	$7,921
Net Profit (Loss)	$14,709

Complete the following ratio analysis.

Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places. a) Calculate the gross profit margin for the 2020. Gross Profit Margin: Answer % b) Calculate the times interest earned ratio for 2020. Times Interest Earned: Answer times c) Calculate the net profit margin for 2020. Net Profit Margin: Answer % d) Calculate the return on equity for 2020. Return on Equity: Answer % e) Calculate the return on assets for 2020. Return on Assets: Answer % f) Calculate the asset turnover ratio for 2020. Asset turnover: Answer times g) Calculate the current ratio for 2020. Current Ratio: Answer h) Calculate the quick ratio for 2020. Quick Ratio: Answer i) Calculate the debt to equity ratio for 2020. Debt to Equity Ratio: Answer j) Calculate the days sales outstanding ratio for 2020. Assume all sales are credit sales. Days sales outstanding: Answer days k) Calculate the accounts receivable turnover for 2020. Assume all sales are credit sales Accounts Receivable turnover: Answer times l) Calculate the days' sales in inventory ratio for 2020. Days' Sales in Inventory: Answer days m) Calculate the inventory turnover for 2020. Inventory turnover: Answer times n) Calculate the debt to assets ratio for 2020. Debt to Assets Ratio: Answer % o) Calculate the working capital for 2020. Working Capital: Answer

a) Calculate the gross profit margin for the 2020. Gross Profit Margin: % b) Calculate the times interest earned ratio for 2020. Times Interest Earned: times c) Calculate the net profit margin for 2020. Net Profit Margin: % d) Calculate the return on equity for 2020. Return on Equity: % e) Calculate the return on assets for 2020. Return on Assets: % f) Calculate the asset turnover ratio for 2020. Asset turnover: times g) Calculate the current ratio for 2020. Current Ratio: h) Calculate the quick ratio for 2020. Quick Ratio: i) Calculate the debt to equity ratio for 2020. Debt to Equity Ratio: 1) Calculate the days sales outstanding ratio for 2020. Assume all sales are credit sales. Days sales outstanding: days k) Calculate the accounts receivable turnover for 2020. Assume all sales are credit sales Accounts Receivable turnover: times 1) Calculate the days' sales in inventory ratio for 2020. Days' Sales in Inventory: days m) Calculate the inventory turnover for 2020. Inventory turnover: times n) Calculate the debt to assets ratio for 2020. Debt to Assets Ratio: % o) Calculate the working capital for 2020. Working Capital