Balance Sheet (5000) Cash Accounts receivable Inventories Carson Electronics, Inc. $1,950 4510 1480 $7,940 15960 $23,900 BGT Electronics, Inc. $1,470 5980 2470 $9.920 25010 $34,930 Current assets Net fixed assets Total assets $2,540 1450 1500 Accounts payable Accrued expenses Short-term notes payable Current liabilities Long-term debt Owners' equity Total liabilities and owners' equity $7,020 $5,050 950 3530 $8,000 7950 8930 $34,930 4000 22930 $23,900 (Financial statement analysis) Carson Electronics' management has long viewed BGT Electronics as an industry leader and uses this firm as a model firm for analyzing its own performance. The balance sheets and income statements for the two firms are found here: m a. Calculate the following ratios for both Carson and BGT: Current ratio Operating return on assets Times interest earned Debt ratio Inventory turnover Average collection period Total asset turnover Fixed asset turnover Operating profit margin Return on equity b. Analyze the differences you observe between the two firms. Comment on what you view as weaknesses in the performance of Carson as compared to BGT that Carson's management might focus on to improve its operations a. Calculate the following ratios for both Carson and BGT Carson's current ratio is (Round to two decimal places.)