Problem $17-8$A Evaluating ratios LO$4$

Web Structure Inc. calculated the ratios shown below for $2023$ and $2022$:

Required:

& $2.$ Identify whether the change in the ratios from $2022$ to $2023$ is favourable $(\text{'}$F$\text{'})$ or unfavourable $(\text{'}$U$\text{'}),$ and calculate the $2023$ ratios for Alberta Playground Inc. including a comparison against the industry averages. $($Select the option "Neither F or U$"$ if the option Favorable or Unfavorable is not applicable.$)$

References

$\backslash$table$[[$Current ratio,$2023,2022,$Trend,$\backslash$table$[[$Industry$],[$Average$]],\backslash$table$[[\backslash$table$[[$Comparison to$],[$Industry Average$]]]]],[1\mathrm{.}19,1,108,1,161,],[$Quick ratio,$0\mathrm{.}88,1,0\mathrm{.}74,1,$L$,111,,5],[$Accounts receivable turnover,$16,,17,,$F$,16,$times,$7],[$Days$\text{'}$ sales uncollected,$26,,23,,$F$,21,$days,F$],[$Inventory turnover,$53,,5\mathrm{.}5,,,5,$times,$5],[$Days$\text{'}$ sales in inventory,$51,,38,,$F$,70,$days,$5],[$Total asset turnover,$43,,29,,5,23,$times,$7],[$Debt ratio,$69,,48,,5,35,\%,],[$Times interest earned,$33,,43,,t,50,$times,$],[$Profit margin,$15\mathrm{.}5,,160,,$F$,14,\%,],[$Gross profit ratio,$135,,125,,5,18,\%,]]$