MNO Corporation provides the following details for the year ending 30-09-2021:

Balance Sheet:

Cash: $1,70,000

Accounts Receivable: $4,20,000

Inventory: $7,00,000

Prepaid Expenses: $20,000

Short-term Investments: $3,00,000

Liabilities and Equity:

Accounts Payable: $4,80,000

Short-term Loans: $2,00,000

Long-term Debt: $6,00,000

Common Stock: $9,00,000

Retained Earnings: $4,10,000

Income Statement for the year ending 30-09-2021:

Sales: $42,00,000

Cost of Goods Sold: $25,00,000

Operating Expenses: $6,50,000

Interest Expense: $1,30,000

Tax Rate: 34%

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).