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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 $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. = 3

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