Paul Sabin organized Sabin Electronics 10 years ago to produce and sell several electronic devices on which he had secured patents. Although the company has been fairly profitable, it is now experiencing a severe cash shortage. For this reason, it is requesting a $660,000 long-term loan from Gulfport State Bank, $180,000 of which will be used to bolster the Cash account and $480,000 of which will be used to modernize equipment. The companys financial statements for the two most recent years follow:

Sabin Electronics
Comparative Balance Sheet
	This Year		Last Year
Assets
Current assets:
Cash	$	128,000	$	310,000
Marketable securities		0		13,000
Accounts receivable, net		685,000		460,000
Inventory		1,105,000		755,000
Prepaid expenses		34,000		38,000
Total current assets		1,952,000		1,576,000
Plant and equipment, net		2,061,000		1,450,000
Total assets	$	4,013,000	$	3,026,000
Liabilities and Stockholders Equity
Liabilities:
Current liabilities	$	880,000	$	460,000
Bonds payable, 12%		750,000		750,000
Total liabilities		1,630,000		1,210,000
Stockholders' equity:
Common stock, $15 par		750,000		750,000
Retained earnings		1,633,000		1,066,000
Total stockholders equity		2,383,000		1,816,000
Total liabilities and equity	$	4,013,000	$	3,026,000

Sabin Electronics
Comparative Income Statement and Reconciliation
	This Year		Last Year
Sales	$	5,800,000	$	4,830,000
Cost of goods sold		4,035,000		3,610,000
Gross margin		1,765,000		1,220,000
Selling and administrative expenses		685,000		580,000
Net operating income		1,080,000		640,000
Interest expense		90,000		90,000
Net income before taxes		990,000		550,000
Income taxes (30%)		297,000		165,000
Net income		693,000		385,000
Common dividends		126,000		105,000
Net income retained		567,000		280,000
Beginning retained earnings		1,066,000		786,000
Ending retained earnings	$	1,633,000	$	1,066,000

During the past year, the company introduced several new product lines and raised the selling prices on a number of old product lines in order to improve its profit margin. The company also hired a new sales manager, who has expanded sales into several new territories. Sales terms are 3/10, n/30. All sales are on account.

Required:

e. The average sale period. (The inventory at the beginning of last year totaled $660,000.) (Round your intermediate calculations and final answers to 1 decimal place. Use 365 days in a year.) This Year Last Year Average sale period days days f. The operating cycle. (Round your intermediate calculations and final answer to 1 decimal place.) This Year Last Year Operating cycle days days g. The total asset turnover. (The total assets at the beginning of last year were $2,986,000.) (Round your answers to 2 decimal places.) This Year Last Year Total asset turnover h. The debt-to-equity ratio. (Round your answers to 3 decimal places.) This Year Last Year Debt-to-equity ratio