The financial statements for Castile Products, Incorporated are aiven below: Castile Products, Incorporated Income Statement For the Year Ended December 31 \begin{tabular}{lr} Sales & $20,000 \\ Cost of goods sold & 4292,500 \\ Gross margin & 29,500 \\ Selling and administrative expenses & 89,500 \\ Net operating income & 38,000 \\ Interest expense & 8,000 \\ Net income before taxes & 30,000 \\ Income taxes (30\%) & 9,000 \\ Net income & $21,000 \\ \hline \end{tabular} Account balances at the beginning of the year were accounts recelvable, $25,000; ond inventory, $60,000. Ali sales were on account Required: Compute the following financial data and rotios: 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 perlod. (Use 365 days in a year, Round your answer to 1 decimal place.) 7. Average sole period. (Use 365 days in a year. Round your intermediate calculations and final answer to 1 decimal place.) 8. Operating cycle. (Use 365 days in a year. Round your Intermedlate calculations and final answer to 1 declmal place.)