(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

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Part 1

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

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