4-6. (Ratio analysis) The balance sheet and income statement for the A. Thiel Mfg. Company are as follows: Balance Sheet (5000) Cash Accounts receivable Inventories Current assets Net ad assets Total assets Accounts payable Accrued spises Short-term notes payable Current abilities 5500 2,000 1,000 43.500 4,500 $8,000 $1,100 000 300 $2,000 2.000 Owners equity 4,000 Total Sabidities and Geners equity $8,000 Long-term debit Income Statement (5000) Sales (all credit) $8,000 Cost of goods sold (3,300) Gross pront 4,700 Operating expenses (includes $500 depreciation) (3,000) Operating profits $1,700 Interest expense (367) Earnings before taxes $1,333 Income taxes (21%) (280) Net income Calculate the following ratios: $1,053 Calculate the following ratios: Current ratio Times interest earned Inventory turnover Total asset turnover. Operating profit margin Operating return on assets Debt ratio Average collection period Fixed-asset turnover Return on equity