Nickolls Corporation has provided the following financial data:

Cash	$224,000
Accounts receivable	$339,000
Total current assets	$799,000
Total current liabilities	$239,000

The company's current ratio is closest to:

0.37

0.42

0.65

3.34

7.

Rawe Corporation's accounts receivable at the end of Year 2 was $356,000 and its accounts receivable at the end of Year 1 was $309,000. Sales, all on account, amounted to $1,440,000 in Year 2. The company's average collection period (age of receivables) for Year 2 is closest to: (Assume 365 days a year. Round intermediate calculations to 2 decimal places.)

4.3 days

90.2 days

84.3 days

78.3 days

8.

Deacon Corporation has provided the following financial data from its balance sheet and income statement:

	Year 2	Year 1
Total assets	$1,210,000	$1,171,000
Total liabilities	$476,000	$472,000
Total stockholders' equity	$744,000	$710,000
Net operating income (income before interest and taxes)	$68,739
Interest expense	$25,000

The company's times interest earned for Year 2 is closest to:

3.75

0.66

1.75

2.75