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The balance sheet for Stud Clothiers is shown next. Sales for the year were $3,530,000, with 75 percent of sales sold on credit. STUD CLOTHIERS

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The balance sheet for Stud Clothiers is shown next. Sales for the year were $3,530,000, with 75 percent of sales sold on credit. STUD CLOTHIERS Balance Sheet 20x1 Assets Liabilities and Equity Cash $ 47,000 306, 000 Accounts payable Accrued taxes $ 250,000 Accounts receivable Inventory 108,000 204,000 147,000 Plant and equipment 494,000 Bonds payable (long-term) Common stock Paid-in capital 100, 000 150,000 206, 000 Retained earnings Total assets $ 961, 000 Total liabilities and equity $ 961,000 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 times b. Quick ratio times c. Debt-to-total-assets ratio 46 d Asset turnover times e. Average collection period days

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