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

J. P. Robard Mfg., Inc. Balance Sheet ($000)
Cash	$450
Accounts receivable	2,080
Inventories	980
Current assets	$3,510
Net fixed assets	4,450
Total assets	$7,960
Accounts payable	$1,120
Accrued expenses	560
Short-term notes payable	290
Current liabilities	$1,970
Long-term debt	1,950
Owners' equity	4,040
Total liabilities and owners' equity	$7,960

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J. P. Robard Mfg., Inc. Income Statement ($000)
Net sales (all credit)	$7,950
Cost of goods sold	(3,250)
Gross profit	$4,700
Operating expenses (includes $500 depreciation)	(2,940)
Net operating income	$1,760
Interest expense	(364)
Earnings before taxes	$1,396
Income taxes (40%)	(558)
Net income	838

. 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

Question content area bottom

Part 1

The company's current ratio is (Round to two decimal places.)

Part 2

The company's times interest earned is times.(Round to two decimal places.)

Part 3

The company's inventory turnover is times.(Round to two decimal places.)

Part 4

The company's total asset turnover is (Round to two decimal places.)

Part 5

The company's operating profit margin is %. (Round to one decimal place.)

Part 6

The company's operating return on assets is %.(Round to one decimal place.)

Part 7

The company's debt ratio is %.(Round to one decimal place.)

Part 8

The company's average collection period is days.(Round to one decimal place.)

Part 9

The company's fixed asset turnover is (Round to two decimal places.)

Part 10

The company's return on equity is %.(Round to one decimal place.)