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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, $ 2 5 , 0
The financial statements for Castile Products, Incorporated, are given below:Account balances at the beginning of the year were: accounts receivable, $; and inventory, $ All sales were on accountRequlred:Compute the following financial data and ratios:
Working capital.
Current ratio.
Note: Round your answer to declmal place.
Acidtest ratio
Note: Round your answer to decimal places.
Debttoequity ratio.
Note: Round your onswer to declmal places.
Times interest earned ratio.
Note: Round your answer to decimal places.
Average collection period.
Note: Use days In a year. Round your answer to decimal place.
Average sale period.
Note: Use days In a year. Round your Intermedlate calculatlons and final answer to decimal place.
Operating cycle.
Note: Use days In a year. Round your Intermedlate calculatlons and final answer to decimal place.
tableWorking capital,,Current ratio,,Acidtest ratio,,Debttoequity ratio,,Times interest earned ratio,,Average collection period,,daysAverage sale period,,daysOperating cycle,,days
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