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include workings The financial statements for Castile Products. Incornorated ars niuan halow: Account balances at the beginning of the year weres accounts recelvable. $25.000; and
include workings
The financial statements for Castile Products. Incornorated ars niuan halow: Account balances at the beginning of the year weres accounts recelvable. $25.000; and inventory. $60.000. All soles were on account. Required: Compute the following financial data and rotios: 1. Working capital, 2. Current ratio. (Round your answer to 1 decimal place.) 3. Aciditest ratio. (Round your onswer to 2 decimal plecosi) 4. Debl-to-equity ratio. (Round your onswer to 2 decimal places.) 5. Times interest earned ratio. (Round your answer to 2 decimal places.) 6. Average collection period (Use 365 doys in a year. Round your answer to 1 decimal ploce.) 7. Average sale period. (Use 365 days in o year. Round your intermediate colculations and final answer to 1 decimal place.) 8 Operating cycle. (Use 365 days in o year. Round your intermediate calculotions and final answer to 1 decimal ploce.) \begin{tabular}{|l|l|l|} \hline 1. Working capital & & \\ \hline 2. Current ratio & & \\ \hline 3. Acid-test ratio & & \\ \hline 4. Debt-to-equity ratio & & \\ \hline 5. Times interest earned ratio & & days \\ \hline 6. Average collection period & & days \\ \hline 7. Average sale period & & \\ \hline 8. Operating cycle & & \\ \hline \end{tabular} Step by Step Solution
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