Assignment oh 13, P4-25 (simi... Part 1 of 10 HW Score: 81.33%, 40.67 of 50 point O Points: 0 of 4 (Calculating financial ratios) The balance sheet and income statement for the J. P. Robard Mfg. Company are as follows: . 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 The company's current ratio is . (Round to two decimal places.) - ollectioll et turno equity Data table wo deci J.P. Robard Mfg., Inc. Balance Sheet ($000) Cash Accounts receivable Inventories Current assets Net fixed assets $470 2,0545 1,080 $3,600 4,460 $8,060 Total assets Accounts payable Accrued expenses Short-term notes payable Current liabilities $1,150 610 270 $2,030 ample ity eci HOTELI I puyuni Current liabilities $2,030 Long-term debt 1,950 Owners' equity 4,080 Total liabilities and owners' equity $8,060 (Click on the icon in order to copy its contents into a spreadsheet.) J.P. Robard Mfg., Inc. Income Statement ($000) Net sales (all credit) Cost of goods sold Gross profit Operating expenses (includes $500 depreciation) $7,950 (3,380) $4,570 (2,900) ble decit J. P. Robard Mfg., Inc. Income Statement ($000) Net sales (all credit) $7,950 Cost of goods sold (3,380) Gross profit $4,570 Operating expenses (includes $500 depreciation) I (2,900) Net operating income $1,670 Interest expense (355) Earnings before taxes $1,315 Income taxes (35%) (460) Net income $855 (Click on the icon in order to copy its contents into a spreadsheet.) ple