(Calculating financial ratios) Use the balance sheet and income statement for the J. P. Robard Mfg. Company to calculate the following ratios:

Current ratio (Round to two decimal places.) Times interest earned (Round to two decimal places.) Inventory turnover (Round to two decimal places.) Total asset turnover (Round to two decimal places.) Operating profit margin (Round to one decimal places.) Operating return on assets (Round to one decimal places.) Debt ratio (Round to one decimal places.) Average collection period (Round to one decimal places.) Fixed asset turnover (Round to two decimal places.) Return on equity (Round to one decimal places.) times times days J. P. Robard Mfg., Inc. Balance Sheet (S000) Cash Accounts receivable Inventories $460 1,920 S3,290 4,480 7,770 Current assets Net fixed assets Total assets S1,170 570 260 S2,000 1,920 3.850 $7,770 Accounts payable Accrued expenses Short-term notes payable Current liabilities Long-term debt Owners' equity Total liabilities and owners' equity J. P. Robard Mfg., Inc. Income Statement (S000) $7,990 (3,340) S4,650 (3,000) S1,650 (363) S1,287 (515) $772 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