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The balance sheet for Bryan Corporation is given below. Sales for the year were $3,060,000, with 75 percent of sales sold on credit. BRYAN CORPORATION

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The balance sheet for Bryan Corporation is given below. Sales for the year were $3,060,000, with 75 percent of sales sold on credit. BRYAN CORPORATION Balance Sheet Dec 31, 20xx Assets Liabilities and Equity Cash $45,000 Accounts payable $230,000 Accounts receivable 260,000 Accrued taxes 10,000 Inventory 368,000 Bonds payable long tern) 170, 800 plant and equipment 420,000 Common stock 300,000 Retained earnings 345, oee Total assets $1,085,000 Total liabilities and equity $1,085,000 Compute the following ratios: (Use 365 days in a year. Do not round intermediate calculation. Round the final answers to 2 decimal ploces.) b Current ratio Quick ratio Debt-to-total-assets ratio Asset turnover Average collection period d. days

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