The financial statements for Castile Products, Inc., are given below:

Castile Products, Inc. Balance Sheet December 31
Assets
Current assets:
Cash				$	22,000
Accounts receivable, net					260,000
Merchandise inventory					380,000
Prepaid expenses					8,000
Total current assets					670,000
Property and equipment, net					880,000
Total assets				$	1,550,000
Liabilities and Stockholders' Equity
Liabilities:
Current liabilities				$	270,000
Bonds payable, 9%					370,000
Total liabilities					640,000
Stockholders equity:
Common stock, $5 par value				$	150,000
Retained earnings					760,000
Total stockholders equity					910,000
Total liabilities and equity				$	1,550,000

Castile Products, Inc. Income Statement For the Year Ended December 31
Sales	$	3,080,000
Cost of goods sold		1,483,500
Gross margin		1,596,500
Selling and administrative expenses		620,000
Net operating income		976,500
Interest expense		33,300
Net income before taxes		943,200
Income taxes (30%)		282,960
Net income	$	660,240

Account balances at the beginning of the year were: accounts receivable, $180,000; and inventory, $310,000. All sales were on account.

Required:

Compute the following financial data and ratios:

1.	Working capital.

2.	Current ratio. (Round your answer to 2 decimal places.)

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 answer to 1 decimal place.)

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.)