$$Balance SheetAssets:$$Cash and marketable securities$$$$600,000$Accounts receivable$900,000$

Inventories$1,500,000$Prepaid expenses$75,000$Total current assets$$$$3,075,000$Fixed

assets$8,000,000$Less: accum. depr.$(2,075,000)$Net fixed assets$$$$5,925,000$Total assets$$$$9,000,000$Liabilities:$$Accounts payable$$$$800,000$Notes payable$$

$700,000$Accrued taxes$50,000$Total current liabilities$$$$1,550,000$Long$-$term debt$2,500,000$Owner's equity $(1$ million shares of common stock

outstanding$)4,950,000$Total liabilities and owner's equity$$$$9,000,000$Net sales $($all credit$)$$$10,000,000$Less: Cost of goods sold$(3,000,000)$Selling and administrative expense$(2,000,000)$Depreciation expense$(250,000)$Interest expense$(200,000)$Earnings before taxes$4,550,000$Income taxes$(1,820,000)$Net income$$$$2,730,0003$a$.$ Calculate the current ratio$3$b$.$ Calculate the average collection period.$3$c$.$ Calculate the debt ratio.$3$d$.$ Calculate the total asset turnover ratio.$3$e$.$ Calculate the operating profit margin$3$f$.$ Calculate the inventory turnover ratE Calculate the accounts receivable turnover