(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 Operating return on assets Debt ratio Times interest earned Data Table Inventory turnover Average collection period Total asset turnover Fixed asset turnover Return on equity Operating profit margin J.P.Robard Mfg., Inc. The company's current ratio is(Round to two decimal places.) Balance Sheet ($000) $480 Cash Accounts receivable 1,980 Inventories 1,090 Current assets $3,550 Net fixed assets 4,410 $7,960 Total assets $1,150 Accounts payable Accrued expenses 620 330 Short-term notes payable $2,100 Current liabilities Long-term debt 1,960 Owners' equity 3,900 Total liabilities and owners' equity $7,960 J. P. Robard Mfg., Inc. Income Statement ($000) Net sales (all credit) $8,000 Cost of goods sold (3,230) $4,770 Gross profit Operating expenses (includes $500 depreciation) (2,960) $1,810 Net operating income Interest expense (362) Earnings before taxes $1,448 Income taxes (40%) (579) Net income $869 Print Done