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

(Calculating finar Calculate the follol 1 Data Table Current ratio Times interest ear Inventory turnover Total asset turnov Operating profit m J. P. Robard Mfg., Inc. Balance Sheet ($000) $510 2,020 The company's cu Cash Accounts receivable Inventories Current assets Net fixed assets 910 $3,440 4,440 Total assets $7,880 Accounts payable $1,160 Accrued expenses 570 Short-term notes payable 280 Current liabilities $2,010 Long-term debt 1,960 Owners' equity 3,910 Total liabilities and owners' equity $7,880 (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) $7,950 Cost of goods sold (3,320) Gross profit $4,630 Operating expenses (includes $500 (2,920) depreciation) Net operating income $1,710 Interest expense (359) Earnings before taxes $1,351 Income taxes (40%) (540) Net income $811 (Click on the icon in order to copy its contents into a spreadsheet.)