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The balance sheet for Stud Clothiers is shown next. Sales for the year were $3,420,000, with 75 percent of sales sold on credit. STUD CLOTHIERS

The balance sheet for Stud Clothiers is shown next. Sales for the year were $3,420,000, with 75 percent of sales sold on credit.

STUD CLOTHIERS Balance Sheet 20X1
Assets Liabilities and Equity
Cash $ 27,000 Accounts payable $ 293,000
Accounts receivable 291,000 Accrued taxes 125,000
Inventory 308,000 Bonds payable (long-term) 201,000
Plant and equipment 393,000 Common stock 100,000
Paid-in capital 150,000
Retained earnings 150,000
Total assets $ 1,019,000 Total liabilities and equity $ 1,019,000

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.)

A- Current Ratio

B- Quick Ratio

C- Debt to total assets ratio-

D- Assest turnover-

E- Average collection period-

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