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					260,000
Merchandise inventory					330,000
Prepaid expenses					10,000
Total current assets					621,000
Property and equipment, net					900,000
Total assets				$	1,521,000
Liabilities and Stockholders' Equity
Liabilities:
Current liabilities				$	300,000
Bonds payable, 10%					360,000
Total liabilities					660,000
Stockholders equity:
Common stock, $5 par value				$	150,000
Retained earnings					711,000
Total stockholders equity					861,000
Total liabilities and equity				$	1,521,000

Castile Products, Inc. Income Statement For the Year Ended December 31
Sales	$	3,150,000
Cost of goods sold		1,287,000
Gross margin		1,863,000
Selling and administrative expenses		650,000
Net operating income		1,213,000
Interest expense		36,000
Net income before taxes		1,177,000
Income taxes (30%)		353,100
Net income	$	823,900

Account balances at the beginning of the year were: accounts receivable, $190,000; and inventory, $330,000. 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.)