The financial statements for Castile Products, Inc., are givenbelow:

Castile Products, Inc. Balance Sheet December 31
Assets
Current assets:
Cash				$	21,000
Accounts receivable, net					260,000
Merchandise inventory					330,000
Prepaid expenses					10,000
Total currentassets					621,000
Property andequipment, net					900,000
Total assets				$	1,521,000
Liabilitiesand Stockholders' Equity
Liabilities:
Current liabilities				$	300,000
Bonds payable, 10%					360,000
Totalliabilities					660,000
Stockholders’equity:
Common stock, $5 par value				$	150,000
Retained earnings					711,000
Total stockholders’equity					861,000
Total liabilitiesand equity				$	1,521,000

Castile Products, Inc. Income Statement For the Year Ended December 31
Sales	$	3,150,000
Cost of goodssold		1,287,000
Gross margin		1,863,000
Selling andadministrative expenses		650,000
Net operatingincome		1,213,000
Interestexpense		36,000
Net income beforetaxes		1,177,000
Income taxes(30%)		353,100
Net income	$	823,900

Account balances at the beginningof the year were: accounts receivable, $190,000; and inventory,$330,000. All sales were on account.

Required:

Compute the following financialdata and ratios:

1.	Working capital.

       

2.	Current ratio. (Roundyour answer to 2 decimal places.)

        

3.	Acid-test ratio. (Roundyour answer to 2 decimal places.)

        

4.	Debt-to-equity ratio.(Round your answer to 2 decimal places.)

      

5.	Times interest earned ratio.(Round your answer to 2 decimal places.)

       

6.	Average collection period.(Use 365 days in a year. Round your answer to 1 decimalplace.)

       

7.	Average sale period.(Use 365 days in a year. Round your intermediate and finalanswer to 1 decimal place.)

       

8.	Operating cycle. (Round your intermediate calculationsand final answers to 1 decimal place.)