The balance sheet and income statement for Joe's Fish Hut are presented belo Joe's Fish Hut Balance Sheet As at July 31 ASSETS Current Assets 2020 2019 Cash Accounts receivable Merchandise Inventory Total Current Assets $153,408 $65,700 $18,300 $12,200 $24,200 $29,900 $195,908 $107,800 Property, plant & equipment $129,000 $176,000 Less: Accumulated depreciation $-28,000 $-22,200 TOTAL ASSETS $296,908 $261,600 LIABILITIES AND EQUITY Liabilities Current Liabilities Accounts payable $30,000 $42,600 Notes Payable-Current Portion $10,000 $10,000 Total Current Liabilities $40,000 $52,600 Notes Payable-Long-Term Portion $72,000 $53,000 TOTAL LIABILITIES $112,000 $105,600 Shareholders' Equity Common shares $70,000 $56,100 Retained earnings $114,908 $99,900 TOTAL SHAREHOLDERS' EQUITY $184,908 $156,000 TOTAL LIABILITIES AND EQUITY $296,908 $261,600 Joe's Fish Hut Income Statement For the Year Ended July 31, 2020 Sales $129,000 COGS $86,500 Gross Profit $42,500 Operating Expenses Insurance Expense $1,390 Rent Expense $5,460 Salaries Expense $4,010 Telephone Expense $810 Interest Expense $1,940 Depreciation Expense $5,800 Total Operating Expenses $19,410 Operating Profit Before Tax $23,090 Income Tax Expense $8,082 Net Profit (Loss) $15,008 Complete the following ratio analysis. Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places.