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The balance sheet for Bryan Corporation is given below. Sales for the year were $3,190,000, with 75 percent of sales sold on credit. BRYAN CORPORATION

The balance sheet for Bryan Corporation is given below. Sales for the year were $3,190,000, with 75 percent of sales sold on credit.

BRYAN CORPORATION Balance Sheet Dec. 31, 20XX
Assets Liabilities and Equity
Cash $60,000 Accounts payable $295,000
Accounts receivable 390,000 Accrued taxes 50,000
Inventory 425,000 Bonds payable (long term) 300,000
Plant and equipment 485,000 Common stock 430,000
Retained earnings 285,000
Total assets $1,360,000 Total liabilities and equity $1,360,000

Compute the following ratios: (Use 365 days in a year. Do not round intermediate calculation. Round the final answers to 2 decimal places.)

a. Current ratio x
b. Quick ratio x
c. Debt-to-total-assets ratio %
d. Asset turnover x
e. Average collection period days

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