Consider the following companys balance sheet and income statement.

Balance Sheet
Assets				Liabilities and Equity
Cash	$	14,000		Accounts payable	$	35,000
Accounts receivable		76,000		Notes payable		29,000
Inventory		57,000
Total current assets		147,000		Total current liabilities		64,000
Fixed assets		85,000		Long-term debt		18,000
				Equity		150,000
Total assets	$	232,000		Total liabilities and equity	$	232,000

Income Statement
Sales (all on credit)	$	320,000
Cost of goods sold		240,000
Gross margin		80,000
Selling and administrative expenses		20,000
Depreciation		4,000
EBIT		56,000
Interest expense		6,500
Earnings before tax		49,500
Taxes		14,850
Net income	$	34,650

For this company, calculate the following: (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16))