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Williams Company is a manufacturer of auto parts having the following financlal statements for 2021-2022. *Operating expenses Include depreclation expense. Additional financlal Information, Including Industry averages for 2022, where approprlate, Includes: Requlred: Calculate and Interpret the financlal ratlos (see Exhiblt 20.9) for Williams for both years. Because the calculation of many ratios requires the average balance in an account (e.g., average recelvables is required in calculating recelvables turnover), you may assume for simplicity that the balances in these accounts in 2021 are the same as those In 2020 . (Round "Earnings per share" to 3 decimal places, other "Profitablilty Ratlos" to 1 decimal place (I.e. 0.123=12.3% ) and rest of the answers to 2 decimal places.) Williams Company is a manufacturer of auto parts having the following financlal statements for 2021-2022. *Operating expenses Include depreclation expense. Additional financlal Information, Including Industry averages for 2022, where approprlate, Includes: Requlred: Calculate and Interpret the financlal ratlos (see Exhiblt 20.9) for Williams for both years. Because the calculation of many ratios requires the average balance in an account (e.g., average recelvables is required in calculating recelvables turnover), you may assume for simplicity that the balances in these accounts in 2021 are the same as those In 2020 . (Round "Earnings per share" to 3 decimal places, other "Profitablilty Ratlos" to 1 decimal place (I.e. 0.123=12.3% ) and rest of the answers to 2 decimal places.)