XYZ Ltd. presents the following financial details for the year ending 31-12-2020:

Balance Sheet:

Cash: $2,50,000

Accounts Receivable: $4,90,000

Inventory: $8,00,000

Prepaid Expenses: $50,000

Short-term Investments: $4,00,000

Liabilities and Equity:

Accounts Payable: $5,90,000

Short-term Loans: $2,80,000

Long-term Debt: $7,90,000

Common Stock: $11,90,000

Retained Earnings: $7,00,000

Income Statement for the year ending 31-12-2020:

Sales: $60,00,000

Cost of Goods Sold: $35,00,000

Operating Expenses: $9,50,000

Interest Expense: $2,10,000

Tax Rate: 32%

Requirements:

Calculate the quick ratio.

Calculate the debt to equity ratio.

Calculate the return on equity.

Calculate the gross profit margin.

Calculate the average collection period (assuming 365 days in a year).