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RST Inc. shows the following financial details for the year ending 30-06-2022: Balance Sheet: Cash: $2,10,000 Accounts Receivable: $4,90,000 Inventory: $7,80,000 Prepaid Expenses: $45,000 Short-term

RST Inc. shows the following financial details for the year ending 30-06-2022:

Balance Sheet:

Cash: $2,10,000

Accounts Receivable: $4,90,000

Inventory: $7,80,000

Prepaid Expenses: $45,000

Short-term Investments: $3,80,000

Liabilities and Equity:

Accounts Payable: $5,00,000

Short-term Loans: $2,50,000

Long-term Debt: $6,50,000

Common Stock: $10,50,000

Retained Earnings: $5,90,000

Income Statement for the year ending 30-06-2022:

Sales: $46,00,000

Cost of Goods Sold: $27,00,000

Operating Expenses: $7,50,000

Interest Expense: $1,70,000

Tax Rate: 33%

Requirements:

Calculate the quick ratio.

Calculate the debt to equity ratio.

Calculate the return on equity.

Calculate the gross profit margin.

Calculate the average collection period (assuming 365 days in a year).

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