The financial statements of Sabre Corporation are as follows: Statement of Financial Position At December 31, 2021 Assets Current Cash Accounts receivable Merchandise inventory Prepaid expenses PPE, at carrying amount Liabilities Current Accounts payable Borrowings Notes payable Non-current Borrowings Shareholders' Equity Pref. shares, 10% (6 shares) Common shares (30 shares) Retained earnings Additional information from the December 31, 2020 statement of financial position: $330 670 1,215 1,100 Accounts receivable Merchandise inventory PPE, at carrying amount Ending retained earnings Preferred shares Common shares $12 320 650 937 1,413 2 400 l 450 300 j 800 190 990 60 100 1 250 1,410 2 400 l l 60 100 Income Statement For the Year Ended December 31, 2021 Sales (all on credit) Cost of goods sold Gross profit Operating expenses Income from operations Interest expense Income before income taxes Income taxes Net income Statement of Cash Flows For the Year Ended December 31, 2021 Cash from operating activities Cash used by investing activities Cash used by financing activities Net decrease in cash Cash at start of year Cash at end of year $2,500 1,500 1,000 & 800 i 768 E 61 l: Market price per common share at December 31, 2021 was $30. Any dividends are paid in cash each year. Required: (11 marks] Complete the following table. Show your calculations. Round ratios to one a. decimal place. Current ratio Industry average Acid-test ratio Operating cash flow ratio Number of days to complete revenue cycle Debt to shareholders' equity ratio Return on shareholders' equity ratio Gross profit ratio - Net profit ratio .1. 1 12 times ix. Times interest earned x. Earning per share ratio - Price- -earnings ratio 1:1 (7 marks} Using the ratios, evaluate the 2021 financial performance of Sabre Corporation. Horizontal and vertical analyses are not required