(Calculating financial ratios) The balance sheet and income statement for the J.P. Robard Mfg. Company are as follows: Calculate the following ratios: Data table Current ratio Times interest eamed Inventory turnover Total asset turnover Operating profit margin Operating return on assets Debt ratio Average collection period Fixed asset turnover Return on equity J. P. Robard Mfg., Inc. Balance Sheet ($000) The company's current ratio is (Round to two decimal places.) Cash Accounts receivable Inventories Current assets Net fixed assets $470 1,980 950 $3,400 4,500 $7.900 Total assets Accounts payable $1,160 Accrued expenses 600 Short-term notes payable 260 Current liabilities $2,020 Long-term debt 1,990 Owners' equity 3,890 Total liabilities and owners' equity $7,900 (Click on the icon in order to copy its contents into a spreadsheet.) J.P. Robard Mfg., Inc. Income Statement (5000) 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 (40%) Alat in a $8,060 (3,330) $4,730 (2,980) $1,750 (353) $1,397 (559) C020 Help me solve this View an example Print Get more help Done