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The balance sheet for Stud Clothiers is shown next. Sales for the year were $3,510,000, 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 $3,510,000, with 75 percent of sales sold on credit. Assets Cash Accounts receivable Inventory Plant and equipment STUD CLOTHIERS Balance Sheet 20X1 Liabilities and Equity 39,000 Accounts payable 304,000 Accrued taxes 294,000 Bonds payable (long-term) 488,000 Common stock Paid-in capital Retained earnings $ 1,125,000 Total liabilities and equity to $ 297,000 128, see 122, 100,000 150,000 328,000 $ 1,125,000 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.) times times a. Current ratio b. Quick ratio c. Debt-to-total-assets ratio d Asset turnover e. Average collection period times days

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