The financial statements for Castile Products, Incorporated are given below:

Castile Products, Incorporated Balance Sheet December 31
Assets
Current assets:
Cash	$ 22,000
Accounts receivable, net	240,000
Merchandise inventory	300,000
Prepaid expenses	8,000
Total current assets	570,000
Property and equipment, net	870,000
Total assets	$ 1,440,000
Liabilities and Stockholders' Equity
Liabilities:
Current liabilities	$ 200,000
Bonds payable, 10%	390,000
Total liabilities	590,000
Stockholders equity:
Common stock, $5 per value	$ 140,000
Retained earnings	710,000
Total stockholders equity	850,000
Total liabilities and stockholders equity	$ 1,440,000

Castile Products, Incorporated Income Statement For the Year Ended December 31
Sales	$ 3,225,000
Cost of goods sold	1,440,000
Gross margin	1,785,000
Selling and administrative expenses	650,000
Net operating income	1,135,000
Interest expense	39,000
Net income before taxes	1,096,000
Income taxes (30%)	328,800
Net income	$ 767,200

Account balances at the beginning of the year were: accounts receivable, $190,000; and inventory, $340,000. 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 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. (Use 365 days in a year. Round your intermediate calculations and final answer to 1 decimal place.)