$200 $150 $100 $ 50 Gross operating income Less: depreciation Net operating income Less: interest Net income before taxes Less: taxes Net income after taxes eac 3-5 Compute the following ratios: current ratio, quick ratio, debt ratio, times interest earned, inventory turnover, receivable turnover, average collection period, asset turnover, profit margin on sales, return on equity, and return on assets. Christopher Construction, Inc. has current assets of $20,000 and current liabili- ties of $10,000. If we assume that each transaction is independent, what is the effect of each of the following transactions on Christopher Construction Inc's current ratio? Compute the current ratio for each case. (a) $2,000 of accounts payable are paid off with cash. (b) Inventories of $5,000 are purchased on credit. (c) Additional common stock is sold for $4,000 cash. (d) A long-term debt of $2,000 is obtained, and the proceeds are used to buy 3-2 new machine. (e) Accounts receivable of $1,000 are collected in cash. Given the following financial data, complete the balance sheet below: Total debt to net worth Quick ratico Asset turnover Average collection periocd Sales/inventory 1.5 to 1 l to 1 2 times 18.25 days 10 times