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Problem 3 - 2 2 ( Algo ) Overall ratio analysis [ LO 3 - 2 ] The balance sheet for Revolution Clothiers is shown

Problem 3-22(Algo) Overall ratio analysis [LO3-2]
The balance sheet for Revolution Clothiers is shown below. Sales for the year were $3,200,000, with 75 percent of sales sold on credit.
Compute the following ratios:
Note: Use a 360-day year. Do not round intermediate calculations. Round your answers to 2 decimal places. Input your debt-tototal assets answer as a percent rounded to 2 decimal places.
\table[[a. Current ratio,,times],[b. Quick ratio,times,],[c. Debt-to-total-assets ratio,%,],[d. Asset turnover,,],[e. Average collection period,,dimes]]
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