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

Castile Products, Incorporated

Balance Sheet

December $31$

Assets

Current assets:

Cash $ $18,000$

Accounts receivable, net $190,000$

Merchandise inventory $300,000$

Prepaid expenses $9,000$

Total current assets $517,000$

Property and equipment, net $910,000$

Total assets $ $1,427,000$

Liabilities and Stockholders' Equity

Liabilities:

Current liabilities $ $250,000$

Bonds payable, $10\%310,000$

Total liabilities $560,000$

Stockholders$$ equity:

Common stock, $$10$ par value $ $180,000$

Retained earnings $687,000$

Total stockholders$$ equity $867,000$

Total liabilities and stockholders$$ equity $ $1,427,000$

Castile Products, Incorporated

Income Statement

For the Year Ended December $31$

Sales $ $3,705,000$

Cost of goods sold $1,080,000$

Gross margin $2,625,000$

Selling and administrative expenses $640,000$

Net operating income $1,985,000$

Interest expense $31,000$

Net income before taxes $1,954,000$

Income taxes $(30\%)586,200$

Net income $ $1,367,800$

Account balances at the beginning of the year were: accounts receivable, $$200,000$; and inventory, $$300,000.$ All sales were on account.

Required:

Compute the following financial data and ratios:

Working capital.

Current ratio.

Note: Round your answer to $1$ decimal place.

Acid$-$test ratio.

Note: Round your answer to $2$ decimal places.

Debt$-$to$-$equity ratio.

Note: Round your answer to $2$ decimal places.

Times interest earned ratio.

Note: Round your answer to $2$ decimal places.

Average collection period.

Note: Use $365$ days in a year. Round your intermediate calculations and final answer to $1$ decimal place.

Average sale period.

Note: Use $365$ days in a year. Round your intermediate calculations and final answer to $1$ decimal place.

Operating cycle.

Note: Use $365$ days in a year. Round your intermediate calculations and final answer to $1$ decimal place.