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					200,000
Merchandise inventory					360,000
Prepaid expenses					6,000
Total current assets					587,000
Property and equipment, net					820,000
Total assets				$	1,407,000
Liabilities and Stockholders' Equity
Liabilities:
Current liabilities				$	270,000
Bonds payable, 11%					350,000
Total liabilities					620,000
Stockholders equity:
Common stock, $5 par value				$	100,000
Retained earnings					687,000
Total stockholders equity					787,000
Total liabilities and equity				$	1,407,000

Castile Products, Inc. Income Statement For the Year Ended December 31
Sales	$	2,870,000
Cost of goods sold		1,562,000
Gross margin		1,308,000
Selling and administrative expenses		580,000
Net operating income		728,000
Interest expense		38,500
Net income before taxes		689,500
Income taxes (30%)		206,850
Net income	$	482,650

Account balances at the beginning of the year were: accounts receivable, $210,000; and inventory, $350,000. All sales were on account.

Required:

Compute the following financial data and ratios:

3.

Acid-test ratio. (Round your answer to 2 decimal places.)

4.	Debt-to-equity ratio. (Round your answer to 2 decimal places.)

7.

Average sale period. (Use 365 days in a year. Round your intermediate and final answer to 1 decimal place.)

8.	Operating cycle. (Round your intermediate calculations and final answers to 1 decimal place.)