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The balance sheet for Revolution Clothiers is shown below. Sales for the year were $3,190,000, with 75 percent of sales sold on credit. REVOLUTION CLOTHIERS

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

REVOLUTION CLOTHIERS
Balance Sheet 20X1
Assets Liabilities and Equity
Cash $ 24,000 Accounts payable $ 279,000
Accounts receivable 283,000 Accrued taxes 107,000
Inventory 266,000 Bonds payable (long-term) 130,000
Plant and equipment 450,000 Common stock 100,000
Paid-in capital 150,000
Retained earnings 257,000
Total assets $ 1,023,000 Total liabilities and equity $ 1,023,000

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.

a. Current ratiotimes

b. Quick ratiotimes

c. Debt-to-total-assets ratio%

d. Asset turnovertimese.

Average collection perioddays

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