Calculating financial ratios)The balance sheet and income statement for the J. P. Robard Mfg. Company are as follows: LOADING... . 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

J. P. Robard Mfg., Inc. Balance Sheet ($000)
Cash	$550
Accounts receivable	2,030
Inventories	990
Current assets	$3,570
Net fixed assets	4,450
Total assets	$8,020
Accounts payable	$1,200
Accrued expenses	570
Short-term notes payable	340
Current liabilities	$2,110
Long-term debt	2,070
Owners' equity	3,840
Total liabilities and owners' equity	$8,020

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J. P. Robard Mfg., Inc. Income Statement ($000)
Net sales (all credit)	$7,950
Cost of goods sold	(3,270)
Gross profit	$4,680
Operating expenses (includes $500depreciation)	(2,950)
Net operating income	$1,730
Interest expense	(366)
Earnings before taxes	$1,364
Income taxes (40%)	(546)
Net income	$818