The financial statements for Castile Products, Inc., are given below: Castile Products, Inc Balance Sheet Asset Current assets: $ 22,000 260,000 310,000 Cash Accounts receivable, net Merehandise inventory Total current assets Property and equipment, net Total assets Liabilities and Stockholders' Equity Liabilities 602,000 $1,442,000 Current 1iabilities 210,000 Bonds payable, 9 Total 1iabi1ities 520,000 Stockholders equity: Common stock, $5 par value Retained earnings $ 200,000 722.000 922.000 Total stockholders equity Total 1iabilities and stockholders equity ,442,000 Castile Products, Ine Incone Statenent 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 4,750,000 085,000 3,665,000 3,105,000 3,077,100 $2,153,970 Account balances at the beginning of the year were: accounts receivable, $240,000; and inventory, $310,000. All sales were on 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 place.) 7. Average sale period. (Use 365 days in a year. Round your intermediate calculations and final answer to 1 decimal place.) 8. Operating cycle. (Round your intermediate calculations and final answer to 1 decimal place.)