show the calculation for each ratio and take calculation to two decimal places

Using the financial statements provided below for ABC Manufacturing Company, calculate all the ratios listed below for both 2021 and 2022. Assume that all sales are credit sales. (a) Calculate the ratios for ABC Manufacturing Company for 2021 and 2022. (b) Put an "I"/ "D" in the column beside the Year 2022 ratio calculation if the ratio has Improved/ Deteriorated. Put an "S"/"W" in the column beside the Year 2022 ratio if ABC Manufacturing Company's ratio is Stronger/Weaker than its competitors. \begin{tabular}{ll} Industry Averages (Year 2022) & \\ \hline Current ratio & 2.08 \\ Quick ratio & 1.03 \\ Inventory turnover ratio & 4.19 \\ Average collection period & 40 days \\ Debt-to-equity ratio & 1.63 \\ Debt ratio & 0.69 \\ Times-interest-earned ratio & 3.80 \\ Gross profit margin & 15.22% \\ Operating margin & 4.93% \\ Asset turnover ratio & 1.22 \\ Return on equity & 9.02% \end{tabular} ABC Manufacturing Company, Income Statement For the years ended August 31 SalesCostofgoodssoldSellingandadministrativeexpenseDepreciationexpenseInterestexpenseIncometaxexpenseNetincome2022$242,319193,55523,83312,1484,9002,759$5,1242021$202,099171,57410,3119,5533,9002,366$4,395 \#\#\# The inventory balance on the August 31,2020 balance sheet was $40,04