Calculate the followng ratios (Calculating financial ratios) The balance sheet and income statement for the JP Robard Mfg Company are as follows Current ratio Operating return on assets Times interest earned Debt ratio Inventory turnover Average collection period Total asset tumover Fixed asset turnover Operating profit margin Return on equity i Data Table W.WU.I. Balance Sheet ($000) Cash Accounts receivable Inventories Current assets Net fixed assets Total assets $470 2,040 1,060 $3,570 4,420 $7,990 Accounts payable $1,090 Accrued expenses 560 Short-term notes payable 300 Current liabilities $1,950 Long-term debt 1,930 Owners' equity 4,110 Total liabilities and owners' equity $7,990 (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) $7,990 Cost of goods sold (3.260) Gross profit $4,730 Operating expenses (includes $500 depreciation) (2,920) Net operating income $1,810 Interest expense (362) Earnings before taxes $1,448 Income taxes (35%) (507) Net income $941