Topple Co has the following figures expected for its first year of operations: 1. Sales $3,400,000 2. Purchase expense $3,200,000 3. Average accounts receivable $308,000 4. Average inventory $485,000 5. Average accounts payable $245,000 6. Overdraft average $500,000 7. Gross profit margin 25% 8. Industry average data: 9. Inventory days 53 10. Accounts receivable days 23 11. Days payable 47 12. Current ratio 1.43 13. Assume there are 365 days in the year

REQUIRED: Calculate and comment on Topple Co.'s cash operating cycle, current ratio, quick ratio, and sales-to-working capital ratio.