The financial statements for Castile Products, Inc., are given below: Castile Products, Inc. Balance Sheet December 31 Assets Current assets: Cash Accounts receivable, net Merchandise inventory Prepaid expenses Total current assets Property and equipment, net Total assets Liabilities and Stockholders' Equity Liabilities: Current liabilities Bonds payable, 12% Total liabilities Stockholders' equity: Common stock, $5 par value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 24,000 230,000 370,000 11,000 635,000 900,000 $1,535,000 $ 220,000 330,000 550,000 $ 180,000 805,000 985,000 $1,535,000 Income Statement For the Year Ended December 31 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes (30%) Net Income $3,918,800 1,165,500 2,744,500 620,000 2,124,500 39,600 2,084,900 625, 470 $1,459,430 Account balances at the beginning of the year were accounts receivable, $230,000, and inventory: $260,000. All sales wer account Required: Compute the following financial data and ratios: 1. Working capital 2. Current ratio. (Round your answer to 1 decimal place.) 3. Acid-test ratio. (Round your answer to 2 decimal places.) 4. Debt-to-equity ratio. (Round your answer to 2 decimal places.) 5. Times Interest earned ratio. (Round your answer to 2 decimal places.) 6 Average collection period (Use 365 days in a year. Round your intermediate calculations and final answer to 1 decimal 7 Average sale period. (Use 365 days in a year. Round your intermediate calculations and final answer to 1 decimal place 8. Operatina cycle. (Round vour intermediate calculations and final answer to 1 decimal place.)