Based on the financial statements for Jackson Enterprises (income statement, statement of owners equity, and balance sheet) shown below, prepare the following financial ratios. All sales are credit sales. The Accounts Receivable balance on January 1, 20--, was $21,888. Assume 365 days per year.

Working capital

Current ratio

Quick ratio

Return on owner's equity

Accounts receivable turnover and average number of days required to collect receivables

Inventory turnover and average number of days required to sell inventory

Jackson Enterprises Income Statement For Year Ended December 31, 20 --
Revenue from sales:
Sales			$183,540
Less sales returns and allowances			2,126
Net sales				$181,414
Cost of goods sold:
Merchandise inventory, January 1, 20--			$31,490
Purchases		$92,760
Less: Purchases returns and allowances	$1,816
Purchases discounts	1,830	3,646
Net purchases		$89,114
Add freight-in		907
Cost of goods purchased			90,021
Goods available for sale			$121,511
Less merchandise inventory, December 31, 20--			28,113
Cost of goods sold				93,398
Gross profit				$88,016
Operating expenses:
Wages expense			$38,328
Advertising expense			1,130
Supplies expense			398
Telephone expense			2,266
Utilities expense			10,596
Insurance expense			906
Depreciation expense-building			3,538
Depreciation expense-equipment			3,948
Miscellaneous expense			526
Total operating expenses				61,636
Income from operations				$26,380
Other revenues:
Interest revenue			$1,864
Other expenses:
Interest expense			722	1,142
Net income				$27,522

Jackson Enterprises Statement of Owner's Equity For Year Ended December 31, 20 --
J. B. Gray, capital, January 1, 20--		$87,831
Net income for the year	$27,522
Less withdrawals for the year	11,570
Increase in capital		15,952
J. B. Gray, capital, December 31, 20--		103,783

Jackson Enterprises Balance Sheet December 31, 20 --
Assets
Current assets:
Cash		$20,846
Accounts receivable		18,836
Merchandise inventory		28,113
Supplies		1,354
Prepaid insurance		870
Total current assets			$70,019
Property, plant, and equipment:
Building	$89,240
Less accumulated depreciation-building	27,020	$62,220
Equipment	$32,860
Less accumulated depreciation-equipment	7,992	24,868
Total property, plant, and equipment			87,088
Total assets			$157,107
Liabilities
Current liabilities:
Accounts payable	$12,900
Wages payable	410
Sales tax payable	1,234
Mortgage payable (current portion)	710
Total current liabilities		$15,254
Long-term liabilities:
Mortgage payable	$38,780
Less current portion	710	38,070
Total liabilities			$53,324
Owner's Equity
J. B. Gray, capital			103,783
Total liabilities and owner's equity			$157,107

If required, round your answers to two decimal places. For return on owner's equity, enter as a percent but do not include percent sign.

Round average number of days answers to one decimal place.