Problem 3-20 The balance sheet for Bryan Corporation is given below. Sales for the year were $3.200,000, with 75 percent of sales sold on credit BRYAN CORPORATION Balance Sheet Dec. 31, 2015 Assets Liabilities and Equity Cash Accounts receivable Inventory Plant and equipment $65,000 400,000 430,000 490,000 Accounts payable Accrued taxes Bonds payable (long term) Common stock Retained earnings $300,000 55,000 310,000 440,000 280,000 Total assets $1,385,000 Total liabilities and equity $1,385,000 Compute the following ratios: (Use 365 days in a year. Round the final answers to 2 decimal places.) a. Current ratio b. Quick ratio d. Asset tunover e. Average collection period days References eBook &Resources Worksheet Problem 3-20 Learming Objective: 03-01 Cal profitability, asset utilization, li Risk Assesment.docx 5