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https:/ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%2534%%252F%252Fconnect.mheducation.co... A k 2: Homework i Saved Help Save & Exit Submit Check my work Problem 3-22 (Algo) Overall ratio analysis [LO3-2] The balance sheet

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https:/ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%2534%%252F%252Fconnect.mheducation.co... A k 2: Homework i Saved Help Save & Exit Submit Check my work Problem 3-22 (Algo) Overall ratio analysis [LO3-2] The balance sheet for Revolution Clothiers is shown below. Sales for the year were $3,190,000, with 75 percent of sales sold on credit. REVOLUTION CLOTHIERS Balance Sheet 20X1 ped Assets Liabilities and Equity Cash $ 24, 200 Accounts payable $ 279,000 Accounts receivable 283 , 060 Accrued taxes 107 , 000 Inventory 266, 000 Bonds payable (long-term) 130,000 DOK Plant and equipment 450,060 Common stock 100,606 paid-in capital 150,006 Retained earnings 257, 060 Total assets $ 1, 023, 060 Total liabilities and equity $ 1, 023,080 nces Compute the following ratios Note: Use a 360-day year. Do not round intermediate calculations. Round your answers to 2 decimal places. Input your debt-to- total assets answer as a percent rounded to 2 decimal places. a. Current ratio times b. Quick ratio times c. Debt-to-total-assets ratio % 1. Asset turnover times e. Average collection period days Prey of Next Q Search

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