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The balance sheet for Revolution Clothiers is shown below. Sales for the year were $ 3 , 3 1 0 , 0 0 0 ,

The balance sheet for Revolution Clothiers is shown below. Sales for the year were $3,310,000, with 75 percent of sales sold on credit.REVOLUTION CLOTHIERSBalance Sheet 20X1AssetsLiabilities and EquityCash$ 21,000Accounts payable$ 282,000Accounts receivable347,000Accrued taxes131,000Inventory318,000Bonds payable (long-term)186,000Plant and equipment417,000Common stock100,000 Paid-in capital150,000 Retained earnings254,000Total assets$ 1,103,000Total liabilities and equity$ 1,103,000Compute the following ratios:Note: Use a 360-day year. Do not round intermediate calculations. Round your answers to 2 decimal places. Input your debt-to-total assets answer as a percent rounded to 2 decimal places.

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