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The financial statements for Castile Products, Incorporated, are given below Account balances at the beginning of the year were: accounts receivable, $160,000; and inventory, $330,000

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The financial statements for Castile Products, Incorporated, are given below Account balances at the beginning of the year were: accounts receivable, $160,000; 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 1 decimal place.) 3. Acid-test ratio. (Round your onswer to 2 decimal places.) 4. Debt-to-equity ratio. (Round your answer to 2 decimal places.) 5. Times interest eamed ratio (Round your answer to 2 decimal ploces.) 6. Average collection period. (Use 365 days in a yeor. Round your intermediate colculations ond final answer to 1 decimol place.) 7. Average sale period. (Use 365 days in a year. Round your intermediate calculations and final answer to 1 decimal ploce.) 8. Operating cycle (Use 365 days in a year. Round your intermediate calculations and final answer to 1 decimal place.)

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