The financial statements for Castile Products, Inc., are given below: Castile Products, Inc. Balance Sheet December 31 Assets Current assets: Cash $ 21,000 Accounts receivable, net 180,000 Merchandise inventory 360,000 Prepaid expenses 10,000 Total current assets Property and equipment, net 571,000 840,000 Total assets $1,411,000 Liabilities and Stockholders' Equity Liabilities: Current liabilities Bonds payable, 9% $ 220,000 350,000 570,000 $ 150,000 691,000 Total liabilities Stockholders' equity Common stock, $5 par value Retained earnings Total stockholders' equity Total liabilities and equity 841,000 $1,411,000 Castile Products, Inc. Income Statement For the Year Ended December 31 Sales $2.730.000 Cost of goods sold 1,333,000 Gross margin 1,397.000 Selling and administrative expenses 640,000 Net operating income 757.000 Interest expense 31,500 Net income before taxes Income taxes (30%) Net income 725,500 217,650 S 507,850 Account balances at the beginning of the year were: accounts receivable, $210,000; and inventory, $260,000. All sales were on account. Working capital 2 Current ratio. (Round your answer to 2 decimal places.) Current ratio 2. Acid-test ratio. (Round your answer to 2 decimal places. Acidere Debt-to-equity ratio. (Round your answer to 2 decimal places.) Det betyratio Times interest eamed ratio. (Round your answer to 2 decimal places.) Average collection period. (Use 365 days in a year. Round your answer to 1 decimal place.) Average collection period 7. Average sale period. (Use 365 days in a year. Round your intermediate and final answer to 1 decimal place.) erage sale period Operating cycle. (Round your intermediate calculations and final answers to 1 decimal place.) Opere days