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

Joe's Fish Hut Balance Sheet As at April 30
	2020	2019
ASSETS
Current Assets
Cash	$132,135	$52,300
Accounts receivable	$18,600	$16,400
Merchandise Inventory	$23,100	$27,700
Total Current Assets	$173,835	$96,400
Property, plant & equipment	$149,000	$177,000
Less: Accumulated depreciation	$-27,500	$-21,400
TOTAL ASSETS	$295,335	$252,000
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable	$31,300	$35,200
Notes Payable-Current Portion	$9,800	$9,800
Total Current Liabilities	$41,100	$45,000
Notes Payable-Long-Term Portion	$75,000	$59,000
TOTAL LIABILITIES	$116,100	$104,000
Shareholders' Equity
Common shares	$75,000	$59,300
Retained earnings	$104,235	$88,700
TOTAL SHAREHOLDERS' EQUITY	$179,235	$148,000
TOTAL LIABILITIES AND EQUITY	$295,335	$252,000

Joe's Fish Hut Income Statement For the Year Ended April 30, 2020
Sales	$133,000
COGS	$88,800
Gross Profit	$44,200
Operating Expenses
Insurance Expense	$1,280
Rent Expense	$5,800
Salaries Expense	$4,260
Telephone Expense	$870
Interest Expense	$1,990
Depreciation Expense	$6,100
Total Operating Expenses	$20,300
Operating Profit Before Tax	$23,900
Income Tax Expense	$8,365
Net Profit (Loss)	$15,535

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 %