Problem 3-22 (Static) Overall ratio analysis [LO3-2] The balance sheet for Revolution Clothiers is shown next. Sales for the year were $2,400,000, with 90 percent of sales sold on credit. Cash Accounts receivable Inventory Plant and equipment Total assets REVOLUTION CLOTHIERS Balance Sheet 20X1 Accounts payable Assets $ 60,000 240,000 350,000 410,000 Accrued taxes Bonds payable (long-term) Common stock Paid-in capital Liabilities and Equity $ 220,000 30,000 150,000 80,000 200,000 380,000 $ 1,060,000 Retained earnings $ 1,060,000 Total liabilities and equity Compute the following ratios: Note: Use a 360-day year. Do not round intermediate calculations. Round your answers to 2 decimal places. Input your debt-to- total-assets answer as a percent rounded to 2 decimal places. a. Current ratio times b. Quick ratio times c. Debt-to-total-assets ratio % d. Asset turnover e. Average collection period times days