WITH THE STEPS

Petra corporation has total assets of S 400,000 (55% of them are fixed assets), total equity of 150,000. Long term debt of $100,000. Net income of $50,000, accounts receivable of $30,000, sales of $550,000. Use this information to solve the following questions: Find the Current ratio. Find the average collection period (day sales outstanding) year365 day). Find the Net profit margin ratio 44 A BOX U S X, X E 3 al Va 22 Zx