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

. 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

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

J. P. Robard Mfg., Inc. Balance Sheet ($000)
Cash	$530
Accounts receivable	1,900
Inventories	1,100
Current assets	$3,530
Net fixed assets	4,550
Total assets	$8,080
Accounts payable	$1,030
Accrued expenses	560
Short-term notes payable	330
Current liabilities	$1,920
Long-term debt	1,980
Owners' equity	4,180
Total liabilities and owners' equity	$8,080

J. P. Robard Mfg., Inc. Income Statement ($000)
Net sales (all credit)	$8,020
Cost of goods sold	(3,300)
Gross profit	$4,720
Operating expenses (includes $500 depreciation)	(2,950)
Net operating income	$1,770
Interest expense	(355)
Earnings before taxes	$1,415
Income taxes (40%)	(566)
Net income	$849