Required: Assuming that all sales were on account, calculate the following 1. Receivables turnover ratio. 2. Average collection period. 3. Inventory turnover ratio. 4. Average days in inveatory S. Current ratio. 6. Acid-test ratio. 7. Debt to equity ratio. 8. Times interest carned ratio. risk ratios for 2012 Data for The Athletic Attic are provided in P12- 4B. Earnings per share for the year ended December 31, 2012, are $1.26. The closing stock price on December 31 2012, is $21.42. Required Calculate the following profitability ratios for 2012 1. Gross profit ratio. 2. Return on assets. 3. Profit margin. 4. Asset turnover 5. Retum on equity 6. Price-carnings ratio. AN Swtes l A I B