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The balance sheet for Revolution Clothiers is shown below. Sales for the year were $ 3 , 8 1 0 , 0 0 0 ,

The balance sheet for Revolution Clothiers is shown below. Sales for the year were $3,810,000, with 75 percent of sales sold on credit.REVOLUTION CLOTHIERSBalance Sheet 20X1AssetsLiabilities and EquityCash$ 95,000Accounts payable$ 248,000Accounts receivable290,000Accrued taxes143,000Inventory315,000Bonds payable (long-term)168,000Plant and equipment453,000Common stock100,000 Paid-in capital150,000 Retained earnings344,000Total assets$ 1,153,000Total liabilities and equity$ 1,153,000
Current ratio:
Quick ratio:
Debt to total assests ratio:
Asset turnover:
Average collection period:

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