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The balance sheet for Stud Clothiers is shown next. Sales for the year were $3,810,000, with 75 percent of sales sold on credit. Assets Cash

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The balance sheet for Stud Clothiers is shown next. Sales for the year were $3,810,000, with 75 percent of sales sold on credit. Assets Cash Accounts receivable Inventory Plant and equipment STUD CLOTHIERS Balance Sheet 20x1 Liabilities and Equity $ 95,000 Accounts payable 290,000 Accrued taxes 315,000 Bonds payable (long-term) 453,000 Common stock Paid-in capital Retained earnings $ 1,153,000 Total liabilities and equity $ 248,000 143,000 168,000 100,000 150,000 344,000 $ 1,153,000 Total assets 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 times b. Quick ratio times c. Debt-to-total-assets ratio % d Asset turnover times e. Average collection period days

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