The Balance Sheet for Stud Clothiers is shown in text. Sakes for the year were 3,490,000 with 75 percent of sales sold on credit

Check my work 5 The balance sheet for Stud Clothiers is shown next. Sales for the year were $3,490,000, with 75 percent of sales sold on credit. 1.66 points Assets Cash Accounts receivable Inventory Plant and equipment STUD CLOTHIERS Balance Sheet 20x1 Liabilities and Equity 38,000 Accounts payable 292,000 Accrued taxes 248,000 Bonds payable (long-term) 500,000 Common stock Paid-in capital Retained earnings $ 1,078,000 Total liabilities and equity $ 262,000 148,000 178,000 100,000 150,000 240,000 $ 1,078,000 eBook Total assets Hint Compute the following ratios: (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.) References a. Current ratio b. Quick ratio c. Debt-to-total-assets ratio d Asset turnover e. Average collection period 2.31 times times % times days