(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 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 (Round to two decimal places.) The company's times interest earned is times. (Round to two decimal places.) J. P. Robard Mfg., Inc. Balance Sheet (5000) Cash Accounts receivable Inventories Current assets Net fixed assets Total assets $480 2,040 1,050 $3.570 4.580 The company's inventory turnover is times. (Round to two decimal places.) The company's total asset turnover is. (Round to two decimal places.) $8,150 The company's operating profit margin is % (Round to one decimal place.) The company's operating return on assets is%. (Round to one decimal place.) The company's debt ratio is %. (Round to one decimal place.) Accounts payable Accrued expenses Short-term notes payable Current liabilities Long-term debt Owners' equity Total liabilities and owners' equity $1,130 610 260 $2.000 1,990 4,160 $8,150 The company's average collection period is days. (Round to one decimal place.) The company's fixed asset turnover is (Round to two decimal places.) The company's return on equity is %. (Round to one decimal place.) 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%) Net income $8,070 (3,380) $4,690 (3,060) $1,630 (368) $1,262 (505) $757