Problem 3-22 (Algo) Overall ratio analysis [LO3-2] The balance sheet for Revolution Clothiers is shown below. Sales for the year were $3,530,000, with 75 percent of sales sold on credit. Assets Cash Accounts receivable Inventory Plant and equipment Total assets REVOLUTION CLOTHIERS Balance Sheet 20X1 a. Current rabo b Quick ratio c Debt-to-total-assets ratio d Asset turnover e Average collection period $ 47,000 306,000 204,000 404,000 $ 961,000 Accounts payable Accrued taxes Bonds payable (long-term) Common stock Paid-in capital Retained earnings Total liabilities and equity Liabilities and Equity times times % 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-to- total assets answer as a percent rounded to 2 decimal places. times days $ 250,000 108,000 147,000 100,000 150,000 206,000 $ 961,000