1.	Working capital.

2.	Current ratio. (Round your answer to 2 decimal places.)

3.	Acid-test ratio. (Round your answer to 2 decimal places.)

4.	Debt-to-equity ratio. (Round your answer to 2 decimal places.)

5.	Times interest earned ratio. (Round your answer to 2 decimal places.)

6.	Average collection period. (Use 365 days in a year. Round your answer to 1 decimal place.)

7.	Average sale period. (Use 365 days in a year. Round your intermediate and final answer to 1 decimal place.)

8.	Operating cycle. (Round your intermediate calculations and final answers to 1 decimal place.)

The financial statements for Castile Products, Inc., are given below Castile Products, Inc. Balance Sheet December 31 Assets Current assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses $ 19,000 210,000 360,000 6,000 Total current assets Property and equipment, net 595,000 890,000 Total assets $1,485,000 Liabilities and Stockholders' Equity Liabilities Current liabilities Bonds payable, 12% $ 270,000 390,000 660,000 $120,000 Total liabilities Stockholders' equity Common stock, $5 par value Retained earnings 705,000 825,000 $1,485,000 Total stockholders' equity Total liabilities and equity Castile Products, Inc. Income Statement For the Year Ended December 31 Sales Cost of goods solo $3,080,000 1,260,000 Gross margin Selling and administrative expenses 1,820,000 610,000 Net operating income Interest expense 1,210,000 46,800 Net income before taxes Income taxes (30%) 1,163,200 348,960 Net income $ 814,240 Account balances at the beginning of the year were: accounts receivable, $230,000; and inventory, $270,000. All sales were on account