Financial Ratios

Financial statements for Paulson's Pet Store are shown.

Paulson's Pet Store Income Statement For Year Ended December 31, 20--
Revenue from sales:
Sales			$326,040
Less: Sales returns and allowances			5,360
Net sales				$320,680
Cost of goods sold:
Merchandise inventory, January 1, 20--		$59,200
Estimated returns inventory, January 1, 20--		800	$60,000
Purchases		$162,640
Less: Purchases returns and allowances	$4,080
Less: Purchases discounts	3,200	7,280
Net purchases		$155,360
Add freight-in		1,600
Cost of goods purchased			156,960
Goods available for sale			$216,960
Less: Merchandise inventory, December 31, 20--		$64,800
Less: Estimated returns inventory, December 31, 20--		1,200	66,000
Cost of goods sold				150,960
Gross profit				$169,720
Operating expenses:
Wages expense			$69,400
Advertising expense			1,200
Supplies expense			800
Phone expense			2,736
Utilities expense			2,864
Insurance expense			1,600
Depreciation expense-building			10,000
Depreciation expense-store equipment			1,800
Miscellaneous expense			600
Total operating expenses				91,000
Income from operations				$78,720
Other expenses:
Interest expense				640
Net income				$78,080

Paulson's Pet Store Statement of Owners Equity For Year Ended December 31, 20--
B. Paulson, capital, January 1, 20--		$504,320
Add additional investments		30,000
Total investment		$534,320
Net income for the year	$78,080
Less: Withdrawals for the year	4,800
Increase in capital		73,280
B. Paulson, capital, December 31, 20--		$607,600

Paulson's Pet Store Balance Sheet December 31, 20--
Assets
Current assets:
Cash		$23,440
Accounts receivable		9,360
Merchandise inventory		64,800
Estimated returns inventory		1,200
Supplies		2,400
Prepaid insurance		1,800
Total current assets			$103,000
Property, plant, and equipment:
Land		$90,000
Building	$350,000
Less: Accumulated depreciation	20,000	330,000
Store Equipment	$120,000
Less: Accumulated depreciation	3,600	116,400	536,400
Total assets			$639,400
Liabilities
Current liabilities:
Note payable	$2,000
Accounts payable	9,560
Customer refunds payable	1,600
Wages payable	1,200
Sales tax payable	3,440
Total current liabilities		$17,800
Long-term liabilities:
Note payable	$16,000
Less: Current portion	2,000	14,000
Total liabilities			$31,800
Owner's Equity
B. Paulson, capital			607,600
Total liabilities and owner's equity			$639,400

All sales are credit sales. The Accounts Receivable balance on January 1, 20--, was $10,200.

Required:

Compute the financial ratios. Round answers to one decimal place.

Current ratio	fill in the blank 1 to 1
Quick ratio	fill in the blank 2 to 1
Working capital	$fill in the blank 3
Return on owner's equity	fill in the blank 4%
Accounts receivable turnover	fill in the blank 5
Average number of days to collect receivables	fill in the blank 6 days
Inventory turnover	fill in the blank 7
Average number of days to sell inventory	fill in the blank 8