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The balance sheet for Revolution Clothiers is shown below. Sales for the year were $3,400,000, with 75 percent of sales sold on credit. REVOLUTION CLOTHIERS

The balance sheet for Revolution Clothiers is shown below. Sales for the year were $3,400,000, with 75 percent of sales sold on credit. REVOLUTION CLOTHIERS Balance Sheet 20X1 Assets Liabilities and Equity Cash $ 58,000 Accounts payable $ 304,000 Accounts receivable 314,000 Accrued taxes 172,000 Inventory 312,000 Bonds payable (long-term) 177,000 Plant and equipment 495,000 Common stock 100,000 Paid-in capital 150,000 Retained earnings 276,000 Total assets $ 1,179,000 Total liabilities and equity $ 1,179,000 Compute 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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