Recent financial statements for Madison Company are given below. Account balances at the beginning of the company's fiscal year were accounts receivable, $270,000, and inventory, $450,000. All sales were on account. Required: Compute the following financial ratios: 1. Gross margin percentage. 2. Current ratio. (Round your answer to 2 decimal places.) 3. Acid-test ratio. (Round your answer to 2 decimal places.) 4. Average collection period. (Round your answer to 1 decimal place.) 5. Average sale period. (Do not round intermediate calculations and round 6. Debt-to-equity ratio. (Round your answer to 2 decimal places.) 6. Debt-to-equity ratio. (Round your answer to 2 decimal places.) 7. Times interest earned ratio. (Round your answer to 2 decimal places.) 8. Book value per share