Utilizing the income statement and balance sheet provided, assist Ms. Blackwell with her analysis by calculating the following ratios for 2008.

■ Current ratio

■ Accounts receivable turnover

■ Average collection period

■ Food inventory turnover

■ Fixed asset turnover

■ Total asset turnover

■ Profit margin

■ Return on assets

■ Return on equity

■ Long-term debt to total capitalization

■ Debt-to-equity ratio

■ Time interest earned

■ Fixed charge coverage

■ Food cost percentage

■ Labor cost percentage