Problem 3-22 Overall ratio analysis (LO3-2) The balance sheet for Stud Clothiers is shown next. Sales for the year were $3,760,000, with 75 percent of sales sold on credit. Assets Cash Accounts receivable Inventory Plant and equipment STUD CLOTHIERS Balance Sheet 20x1 Liabilities and Equity $ 58,000 Accounts payable 356,000 Accrued taxes 301,000 Bonds payable (long-term) 454,000 Common stock Paid-in capital Retained earnings $ 1,169,000 Total liabilities and equity $ 254,000 163,000 147,000 100,000 150,000 355,000 $ 1,169,000 Total assets Compute the following ratios: (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.) a. Current ratio times b. Quick ratio times c. Debt-to-total-ass ratio % d Asset turnover times e. Average collection period days