The balance sheet for Stud Clothiers is shown next Sales for the year were $3,470.000, with on credit STUD CLOTHIERS Balance Sheet 20x1 Assets Liabilities and Equity Cash 97,600 Accounts payable $ 279, 280 Accounts receivable 360,000 Accrued taxes 166, eee Inventory 315,000 Bonds payable (long- term) 153,000 Plant and equipment 413,000 Common stock 100,000 Paid-in capital 150,000 Retained earnings 337,000 Total liabilities Total assets $1,185, een and equity $1,185,000 Compute the following ratios: (Use a 360-day year. Do not round intermediate calculations. Rou decimal places. Input your debt-to-total assets answer as a percent rounded to 2 decimal place % Answer is complete but not entirely correct. a. b c. a Current ratio Quick ratio Debt-to-total-assets ratio Asset turnover Average collection period 1.73 times 3.78X times 50,46% 2.93 times 37 38 days e. The balance sheet for Stud Clothing is shown next Sales for the year were $3,470,000, with 75 percent of sales sold on credit STUD CLOTHIERS Balance Sheet 2ex1 Assets Liabilities and Equity Cash 97,000 Accounts payable $ 279, eee Accounts receivable 360,088 Accrued taxes 166,000 Inventory 315,000 Bonds payable (long- term) 153, 880 Plant and 413,000 Common stock equipment 1ee, eee Paid-in capital 150,000 Retained earnings 337,000 Total liabilities Total assets $1,185,000 and equity $1,185,000 Compute the following ratios: (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.) Answer is complete but not entirely correct. a. b. c. Current ratio Quick ratio Debt-to-total-assets ratio Asset turnover Average collection period 1.73 times 3.7Etimes 50.47% 2.93 times 37.39% days d e