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					240,000
Merchandise inventory					380,000
Prepaid expenses					10,000
Total current assets					651,000
Property and equipment, net					820,000
Total assets				$	1,471,000
Liabilities and Stockholders' Equity
Liabilities:
Current liabilities				$	260,000
Bonds payable, 9%					340,000
Total liabilities					600,000
Stockholders equity:
Common stock, $10 par value				$	110,000
Retained earnings					761,000
Total stockholders equity					871,000
Total liabilities and equity				$	1,471,000

Castile Products, Inc. Income Statement For the Year Ended December 31
Sales	$	2,870,000
Cost of goods sold		1,440,000
Gross margin		1,430,000
Selling and administrative expenses		570,000
Net operating income		860,000
Interest expense		30,600
Net income before taxes		829,400
Income taxes (30%)		248,820
Net income	$	580,580

Account balances at the beginning of the year were: accounts receivable, $170,000; and inventory, $260,000. 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.)