The balance sheet for Stud Clothiers is shown. Sales for the year were $3,990,000, with 75 percent of sales sold on credit.

compute Current ratio , quick ratio, debt to total assets ratio, asset turnover, and average collection period?

STUD CLOTHIERS Balance Sheet 20X1 Assets Liabilities and Equity Cash 74,000 Accounts payable 305,000 Accounts receivable 287,000 Accrued taxes 153,000 Inventory Plant and equipment 310,000 413,000 Bonds payable (long-term) 147,000 Common stock 100,000 Paid-in capital Retained earnings 150,000 229,000 $ 1,084,000 Total assets Total liabilities and equity $ 1,084,000