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Petra corporation has total assets of $ 400,000 (55% of them are fixed assets), total equity of 150,000 Long term debt of $100,000. Net income

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Petra corporation has total assets of $ 400,000 (55% of them are fixed assets), total equity of 150,000 Long term debt of $100,000. Net income of $50,000, accounts receivable of $30,000, sales of $550,000 use this information to solve the following questions Find the current ratio Find the Average collection period (day sales outstanding) (year=365 day) Find the Net profit margin ratio

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