et Kaur N A - BU 4024_Finance - 1 _ Assignment # 1 by Tariq Saleem_Due Date Oct iew View 2 4 5 The balance sheet for Bryan Corporation is given below. Sales for the year were $3,040,000, with 75 percent of sales sold on credit. Assets Cash Accounts receivable. Inventory... Plant and equipment BRYAN CORPORATION Balance Sheet Dec. 31, 2015 Liabilities and Equity $ 60,000 Accounts payable. $ 220,000 240,000 Accrued taxes 30,000 350,000 Bonds payable (long term) 150,000 410,000 Common stock 280,000 Retained earnings. 380.000 $1,060,000 Total liabilities and equity. $1,060,000 Total assets. Compute the following ratios: a. Current ratio b. Quick ratio c. Debt-to-total-assets ratio d. Asset turnover e. Average collection period