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The balance sheet for Stud Clothiers is shown next. Sales for the year were $3,520,000, with 75 percent of sales sold on credit. Compute the
The balance sheet for Stud Clothiers is shown next. Sales for the year were $3,520,000, with 75 percent of sales sold on credit.
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.)
\begin{tabular}{|l|l|l|l|} \hline & & & \\ \hline a. & Current ratio & & times \\ \hline b. & Quick ratio & times \\ \hline c. & Debt-to-total-assets ratio & % \\ \hline d & Asset turnover & times \\ \hline e. & Average collection period & days \\ \hline \end{tabular}
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