JKL Inc. presents the following financial information for the year ending 30-06-2022:

Balance Sheet:

Cash: $3,10,000

Accounts Receivable: $5,90,000

Inventory: $8,60,000

Prepaid Expenses: $45,000

Short-term Investments: $4,80,000

Liabilities and Equity:

Accounts Payable: $6,30,000

Short-term Loans: $3,20,000

Long-term Debt: $8,60,000

Common Stock: $12,80,000

Retained Earnings: $7,50,000

Income Statement for the year ending 30-06-2022:

Sales: $68,00,000

Cost of Goods Sold: $40,00,000

Operating Expenses: $11,50,000

Interest Expense: $2,50,000

Tax Rate: 32%

Requirements:

Calculate the quick ratio.

Calculate the debt to equity ratio.

Calculate the return on equity.

Calculate the gross profit margin.

Calculate the average collection period (assuming 365 days in a year).