3. The balance sheet and income statement for A. P. Coop Inc are as follows: A. P. Coop Inc Balance Sheet 2021 Cash $600,000 Account Receivable $2,100,000 Inventories $1,300,000 Total Current Asset $4,000,000 Net fixed Asset $5,000,000 Total Assets $9,000,000 4. Accounts Payable $1,100,000 Accrued Expenses $870,000 Short-term notes payable $330,000 Total Current liabilities $2,300,000 Total Current liabilities $2,300,000 Long-term debt $2,100,000 Total liabilities $4,400,000 Owner's equity $4,600,000 Total liabilities and $9,000,000 owners' equity A. P. Coop In come Statement Net sales (all credit) $9,000,000 Cost of goods sold ($3,500,000) Gross profit $5,500,000 Operating expenses ($3,600,000) Net operating in com e $1,900,000 (EBIT) Interest expense ($450,000) Interest expense ($450,000) Earnings before taxes $1,450,000 Income taxes (35%) ($507,500) Net Income $942,500 Calculate the following ratios: [ 9 x 1.5 = 13.5] i. Current ratio ii. Times interest earned iii. Inventory turnover iv. Total asset turnover v. Operating profit margin vi. Debt ratio vii. Average collection period viii. Fixed asset turnover ix. Return on equity