Question: please provide answer in same format , incomplete or unexplained answers will get thumbs down The 2020 financial statements of Outdoor Waterworks Inc. follow: Assume



The 2020 financial statements of Outdoor Waterworks Inc. follow: Assume all sales were on credit. Also assume the long-term note payabie is due in 2023 , with no current portion, On the December 31. 2019 , balance sheet, the assets totalled $438,220, common shares were $197,500, ano rotalned earnlrgs wore $110,940. Required: Calculate the following: (Use 365 days in a year. Do not round your Intemnediate calculations. Round the answers to 2 decimal placesi) Assume all sales were on credit. Also assume the long-term note payable is due in 2023 , with no current portion. On the December 31 , 2019 , balance sheet, the assets totalled $438,220, common shares were $197,500, and retained earning5 were $110,940. Required: Calculate the following: (Use 365 days in a year, Do not round your Intermediate calculatuonei. Round tho anmwors to 2 decimal places.) Analysis Component: Identify whether the ratios calculated above are favourable or unfavourable to the industry averages
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