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

Castile Products, Inc. Balance Sheet December 31
Assets
Current assets:
Cash	$	23,000
Accounts receivable, net		190,000
Merchandise inventory		330,000
Prepaid expenses		12,000
Total current assets		555,000
Property and equipment, net		860,000
Total assets	$	1,415,000
Liabilities and Stockholders' Equity
Liabilities:
Current liabilities	$	260,000
Bonds payable, 11%		320,000
Total liabilities		580,000
Stockholders equity:
Common stock, $5 par value	$	150,000
Retained earnings		685,000
Total stockholders equity		835,000
Total liabilities and stockholders equity	$	1,415,000

Castile Products, Inc. Income Statement For the Year Ended December 31
Sales	$	3,240,000
Cost of goods sold		1,496,000
Gross margin		1,744,000
Selling and administrative expenses		650,000
Net operating income		1,094,000
Interest expense		35,200
Net income before taxes		1,058,800
Income taxes (30%)		317,640
Net income	$	741,160

Account balances at the beginning of the year were: accounts receivable, $170,000; and inventory, $350,000. All sales were on account.

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.)

5.	Times interest earned ratio
6.	Average collection period		days
7.	Average sale period		days
8.	Operating cycle		days