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The balance sheet for Bryan Corporation is given below. Sales for the year were $3,050.000, 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 $3,050.000, with 75 percent of sales sold on credit BRYAN CORPORATION Balance Sheet Dec. 31, 20xX Assets Liabilities and Equity Cash $40,000 250,000 355, 000 415,000 225, 000 35,000 160,000 290,000 350,000 Accounts payable Accrued taxen Accounts receivable Inventory Plant and equpment Donds payable (long term) Common stock Retained earnings $1,060,000 Total assets Total liabilities and equity $1,060,000 Compute the following ratios: (Use 365 days in a year. Do not round Intermediate calculation. Round the final answers to 2 declmal places.) a. Current ratio b. Quick ratio c. Debt-to-total-assets ratio d. Asset turnover days e. Average collection period

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