Ent The balance sheet for Sony Entertainment is given below. Sales for the year were $3,180,000, with 75 percent of sales sold on credit Sony Entertainment Balance Sheet Dec. 31, 20xx Assets Liabilities and Equity Cash $45,000 Accounts payable $290,000 Accounts receivable 380,000 Accrued taxes 45,000 Inventory 420,000 Bonds payable (long term) 290,000 Plant and equipment 480,000 Common stock 420,000 Retained earnings 280,000 Total assets $1,325,000 Total liabilities and equity $1,325,000 Compute the following ratios: (Use 365 days in a year. Do not round intermediate calculation. Round the final answers to 2 decim places.) a. b. Quick ratio C. Current ratio Debt-to-total-assets ratio d. Asset turnover e. Average collection period 2.52 127 47% 24 x days