The balance sheet for stud clothiers is show below. Sales for the Year was $2,400,000 with 90 percent of sales sold on credit. STUD CLOTHIERS Balance Sheet 200x Assets Liabilities and Equity Cash.. $60,000 Accounts payable..$220,000 Accounts receivable $240,000 Accrued taxes& 30,000 Inventory 350,000 Bonds payable(long-term)150,000 Plant and equipment 410,000 Common stock 80,000 Paid-in-capital 200.000 Retained earnings 380,000 Total assets..$1,060,000 Total liabilities and equity $1,060,000 a. compute the following rations: a. current ratio b. Quick ratio c. Debt-to-total-assets ratio. d. Asset turnover e. Average collection period