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The balance sheet for Bryan Corporation is given below. Sales for the year were $3,110,000, with 75 percent of sales sold on credit Assets Cash

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The balance sheet for Bryan Corporation is given below. Sales for the year were $3,110,000, with 75 percent of sales sold on credit Assets Cash Accounts receivable Inventory Plant and equipment BRYAN CORPORATION Balance Sheet Dec 31, 20XX Liabilities and Equity $70,000 Accounts payable 310,000 Accrued taxes 385,000 Bonds payable (lon tern) 445,000 Coron stock Retained earnings $1,210,000 Total liabilities and equity $255,000 65,000 220,000 350,000 320,000 $1,210,000 Total assets Compute the following ratios (Use 365 days in a year. Do not round intermediate calculation. Round the final answers to 2 decimal places.) b. C- Current ratio Quick ratio Debt-to-total-assets ratio Asset turnover Average collection period d. * days

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