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The 2023 financial statements of Outdoor...

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Accounting

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The 2023 financial statements of Outdoor Waterworks Inc. follow: Assume all sales were on credit. Also assume the long-term note payable is due in 2026, with no current portion. On the December 2022 , balance sheet, the assets totalled $441,220, common shares were $200,500, and retained eamings were $112,740. Required: Calculate the following: (Use 365 doys in a year. Do not round your intermediate calculations. Rourtd the answers to 2 decimal places.) places.) Analysis Component: Identify whether the ratios calculated above are favourable or unfavourable to the industry averages

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