If you can help me with the ratio's of this assignment that would be great.

Recent financial statements for Madison Company follow: Madison Company Balance Sheet June 30 Assets Current assets: Cash Accounts receivable, net Merchandis e inventory Prepaid expenses $ 160,000 300,000 9,000 Total current assets Plant and equipment, net 490,000 810,000 Total assets $ 1,300,000 $ Liabilities and Stockholders' Equity Liabilities: Current liabilities Bonds payable, 10% Total liabilities Stockholders' equity: Common stock, $5 par value Retained earnings 21,000 200,000 300,000 500,000 $ 100,000 700,000 Total stockholders' equity 800,000 Total liabilities and stockholders' equity $ Madison Company Income Statement 1,300,000 Sales Cost of goods sold For the Year Ended June 30 $ 2,100,000 1,260,000 Gross margin Selling and administrative expenses 840,000 660,000 Net operating income Interest expense 180,000 30,000 Net income before taxes Income taxes Net income 150,000 45,000 $ 105,000 Account balances at the beginning of the company's fiscal year were: accounts receivable, $140,000; and inventory, $260,000. All sales were on account. Required: Compute financial ratios as follows: 1. Gross margin percentage. (Omit the "%" sign in your response.) Gross margin percentage 40 % 2. Current ratio. (Round your answer to 2 decimal places.) Current ratio 3. Acid-test ratio. (Round your answer to 2 decimal places.) Acid-test ratio 4. Average collection period. (Use 365 days in a year. Round your answer to 1 decimal place.) Average collection period days 5. Average sale period. (Use 365 days in a year. Do not round intermediate calculations. Round your answer to 1 decimal place.) Average sale period days 6. Debt-to-equity ratio. (Round your answer to 2 decimal places.) Debt-to-equity ratio 7. Times interest earned. (Round your answer to 1 decimal place.) Times interest earned 8. Book value per share. (Omit the "$" sign in your response.) Book value $ per share