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	$490
Accounts receivable	2,090
Inventories	1,090
Current assets	$3,670
Net fixed assets	4,600
Total assets	$8,270
Accounts payable	$1,020
Accrued expenses	630
Short-term notes payable	250
Current liabilities	$1,900
Long-term debt	1,970
Owners' equity	4,400
Total liabilities and owners' equity	$8,270

J. P. Robard Mfg., Inc. Income Statement ($000)
Net sales (all credit)	$8,040
Cost of goods sold	(3,280)
Gross profit	$4,760
Operating expenses (includes $500 depreciation)	(3,040)
Net operating income	$1,720
Interest expense	(352)
Earnings before taxes	$1,368
Income taxes (35%)	(479)
Net income

. 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