The balance sheet of Moncha La Bruja Inc is shown below. Sales for the year were $ 2,400,000, with 90 percent of sales sold on credit.

Moncha la Bruja Inc Balance Sheet 20X1 Assets Liabilities and Equity Cash 60,000 Accounts payable.... $220,000 Accounts receivable 240,000 Accrued taxes.. 30,000 Inventory... 350,000 Bonds payable (long-term)... 150,000 Plant and equipment... 410,000 Common stock 80,000 Paid-in capital. 200,000 Retained earnings. 380,000 Total assets............ $1,060,000 Total liabilities and equity... $1,060,000 Calcule: a. Current ratio. b. Quick ratio. c. Debt-to-total-assets ratio. d. Asset turnover. e. Average collection period