Compute the following financial data and ratios Working capital Current ratioAcid-test ratioDebt to equityTimes internet earned Average collection periodAverage sale periodOperating cycleAccount receivable 220000Inventory 330000All sales were on account

Castile Products, Incorporated Balance Sheet December 31 Assets Current assets: Cash $ 22,090 Accounts receivable, net 220,000 Merchandise inventory 350,090 Prepaid expenses 10,060 Total current assets 602, 090 Property and equipment, net 880,909 Total assets $ 1,482, 080 Liabilities and stockholders Equity Liabilities: Current liabilities $ 270,090 Bonds payable, gx 490, 090 Total liabilities 670,090 Stockholders equity ss par value Common stock, 35 P $ 190,900 Retained earnings 712, 090 Total stockholders equity 812,060 jotal liabilities and stockholders equity $ 1, 482, 090 Castile Products , Incorporated Income Statement of the Year Ended December 31 $ 8, 520, 060 cost of goods sold 1 462, 098 Gross Margin 2, 058, 090 selling and administrative expenses 630, 903 Net operati rating ancome 1, 428, 608 Interest exi 36, 008 Net income before takes 1, 392, 900 Income Taxes 417, 609 $ 974,408 Account balances at the beginning of the year were accounts receivable, $220,000; and Inve account Required: Compute the following financial data and ratios Prey