please answer questions 1-8.

11 The financial statements for Castile Products, Inc., are given below: Castile Products, Inc. 10 Balance Sheet points December 31 Assets Current assets: Cash $ 23,000 ccounts receivable, net 190,00 eBook Merchandise inventory 190,000 Prepaid expenses 6,000 Total current asset 609,000 Property and equipment, net 860,000 Print Total assets $1, 469,000 Liabilities and Stockholders' Equity Liabilities: Current liabilities $ 290,000 References Bonds payable, 98 400,000 Total liabilities 690,000 Stockholders' equity: Common stock, $10 par value $ 130,000 Retained earnings 649,000 Total stockholders' equity 779,000 Total liabilities and stockholders' equity $1, 469,000 Castile Products, Inc. Income Statement For the Year Ended December 31 Sales 3,280,000 Cost of goods sold 1, 485,000 Gross margin 1, 795,000 Selling and administrative expenses 630,000 Net operating income 1, 165,000 Interest expense 36,000 Net income before taxes 1, 129,000 Income taxes (308 ) 338,700 Net income 790, 300 Account balances at the beginning of the year were: accounts receivable, $220,000; and inventory, $270,000. All sales were on account Required: Compute the following financial data and ratios: 1. Working capital. 2. Current ratio. (Round your answer to 1 decimal place.) 3. Acid-test ratio. (Round your answer to 2 decimal places.) 4. Debt-to-equity ratio. (Round your answer to 2 decimal places.) 5. Times interest earned ratio. (Round your answer to 2 decimal places.) 6. Average collection period. (Use 365 days in a year. Round your intermediate calculations and final answer to 1 decimal place.) 7. Average sale period. (Use 365 days in a year. Round your intermediate calculations and final answer to 1 decimal place.) 8. Operating cycle. (Use 365 days in a year. Round your intermediate calculations and final answer to 1 decimal place.) 1. Working capital 2. Current ratio 3. Acid-test ratio 4. Debt-to-equity ratio . Times interest earned ratio 6. Average collection period days 7. Average sale period days B. Operating cycle days