ecent financial statements for Madison Company are given below. Account balances ere accounts receivable, $245,000, and inventory, $340,000. All sales were on acco quired: mpute the following financial ratios: ross margin percentage. rent ratio. (Round your answer to 2 decimal places.) ring Enabled: Final Test (Managerial Accounting AC3... (i) 3. Acid-test ratio. (Round your answer to 2 decimal places.) 4. Average collection period. (Round your answer to 1 decimal place.) 5. Average sale period. (Do not round intermediate calculations and 6. Debt-to-equity ratio. (Round your answer to 2 decimal places.)