(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 1.74. (Round to two decimal places.) The company's times interest earned is 5.04 times. (Round to two decimal places.) The company's inventory turnover is times. (Round to two decimal places.) Data table J. P. Robard Mfg., Inc. Balance Sheet ($000) Cash Accounts receivable Current assets $470 1,990 Inventories Net fixed assets Total assets Accounts payable Accrued expenses Short-term notes payable 1,000 $3,460 4,570 $8,030 $1,080 650 250 Current liabilities $1,980 Long-term debt 1,950 Owners' equity Total liabilities and owners' equity 4,100 $8,030 (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) Net operating income Interest expense Earnings before taxes Income taxes (35%) Net income $7,950 (3,240) $4,710 (2,910) $1,800 (357) $1,443 (505) $938