$ 509 393 $ 902 473 LIABILITIES AND OWNERS' EQUITY Accounts payable Short-term notes payable Total current liabilities Long-term debt Total liabilities Common equity: Common stock (par and paid-in capital) Retained earnings Total common equity $ 1,375 $ 560 1,436 $ 1,996 $ 3,371 Total liabilities and equity Artz, Inc., Balance Sheet for 12/31/2018 ASSETS 2018 $ 574 Cash Accounts receivable 698 910 Inventory Total current assets Gross fixed assets $ 2,182 $ 2,068 (879) Accumulated depreciation Net fixed assets $ 1,189 $ 3,371 Total assets Artz, Inc., Income Statement for the Year Ended 12/31/2018 Sales $ 4,541 (2,752) $ 1,789 Cost of goods sold Gross profits Operating expenses Marketing, and general and administrative expenses (1,089) (271) Depreciation expenses $ (1,360) $ 429 Total operating expenses Operating profits Interest expense Earnings before taxes (taxble income) (63) $ 366 Income taxes (77) $ 289 Net income (Ratio analysis) Artz, Inc.'s financial statements for 2018 are shown in the popup window: B The chief financial officer for Artz has acquired industry averages for the following ratios in the popup window: B. a. Compute the ratios listed above for Artz. b. Compared to the industry: (1) How liquid is the firm? (2) Are its managers generating attractive operating profit on the firm's assets? (3) How is the firm financing its assets? (4) Are its managers generating a good return on equity? a. Compute the ratios for Artz. The current ratio is x. (Round to two decimal places.) The acid-test ratio is _x. (Round to two decimal places.) The days in receivables are days. (Round to two decimal places.) The days in inventory is days. (Round to two decimal places.) The operating return on assets is %. (Round to one decimal place.) The operating profit margin is %. (Round to one decimal place.) The total asset turnover X. (Round to two decimal places.) The fixed asset turnover is _x. (Round to two decimal places.) The debt ratio is %. (Round to one decimal place.)