Please see below. I really need help with this asap. Please include relevant terms and dates as needed. Need both of these asap please

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Winsor Clothing Store had a balance in the Accounts Receivable account of $760,000 at the beginning of the year and a balance of $840,000 at the end of the year. Net credit sales during the year amounted to $7,200,000. The average collection period of the accounts receivable in terms of days was 30 days 42.4 days 81.1 days 40.6 days Please use the following information (pertaining to Dance Company) to answer the next two questions. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments.... $45,000 Accounts Receivable. 25,000 Inventory..... 20,000 Property, plant and equipment.. 210.000 Total Assets $300,000 Liabilities and Stockholders' Equity Current liabilities... Long-term liabilities. Stockholders' equity-common.. Total Liabilities and Stockholders' Equity $50,000 90.000 160.000 $300,000 Income Statement Sales. Cost of Goods Sold. Gross Margin Operating Expenses. Net Income $120,000 66.000 54.000 30,000 $24,000 Number of shares of common stock 6,000 Market price of common stock $20 per share Dividends per share on common stock 0.50 Cash provided by operations $40,000 What is the current ratio for Dance Company? 0.64 1.40 01.30 1.80