The financial statements for Castile Products, Inc., are given below: Castile Products, Inc. Balance Sheet December 31 Assets Current assets: Cash Accounts receivable, not Merchandise Inventory Prepaid expenses Total current assets Property and equipment, not Total assets Liabilities and Stockholders' Equity Liabilities: Current liabilities Bonds payable, 9% Total liabilities Stockholders uity: Comon stock, $ia per value Retained earnings Total stockholders' equity Total liabilities and stockholders equity 150.00 390, 7, 579, 910.00 $1,489. $ 290,00 368,80 558,888 $ 178, la bre. $1,489,00 $2,975,00 Castile Products, Inc. Income Statement For the Year Ended December i Sales Cost of goods sold Gross margin Selling and administrative expenses Not operating income Interest expense Net Income before taxes Income tax (386) Net Income 560.ee 32.400 978, see 293, 685,020 Account balances at the beginning of the yes were accounts receivable, $190,000, and Inventory. $330.000. All sales were on account Required: Compute the following financial cats and ratios: 1 Working capital 2 Current retis. 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.) 2. Operating cycle. (Round your intermediate calculations and final answer to 1 decimal place.)