The financlal statements for Royale and Cavaler companles are summarized here: These two companies are in the same business and state but different citles. Each company has been in operation for about 10 years. Both companles recelved an unqualfied audit opinion on the financlal statements. Royale Company wants to borrow $83,000 cash and Cavalier Company Is asking for $38,000. The loans will be for a two-year perlod. Both companies estimate bad debts based on an aging analysis, but Cavaller has estimated slightly higher uncollectlble rates than Royale. Nelther company issued stock in the current year. Assume the end-of-year total assets and net equipment balances approximate the year's average and all sales are on account. Required: 1. Calculate the following ratios. (Use 365 days in a year. Round your intermediate calculations and final answers to 2 decimal places.)