Carson Electronics' management has long viewed BGT Electronics as an industry leader and uses this firm as a model firm for analyzing its own performance. The balance sheets and income statements for the two firms are found here: Carson Electronics Balance Sheet ($000) BGT Electronics Balance Sheet ($000) Cash $1,960 $1,540 Accounts receivable $4,550 $6,020 Inventories $1,470 $2,460 Current Assets $7,980 $10,020 Net fixed assets $16,040 $25,050 Total assets $24,020 $35,070 Accounts payable $2,520 $4,990 Accrued expenses $990 $1,480 Short-term notes payable $3,550 $1,540 Current liabilities $7,060 $8,010 Long-term debt $8,030 $4,000 Owners equity $8,390 $23,060 Total liabilities and owners equity $24,020 $35,070 Carson Electronics Income Statement ($000) BGT Electronics Income Statement ($000) Net sales (all credit) $47,970 $70,030 Cost of goods sold (35,960) (42,020) Gross profit $12,010 $28,010 Operating expenses (7,950) (12,010) Net operating income $4,060 $16,000 Interest expense (1,170) (560) Earnings before taxes $2,890 $15,440 Income taxes (40%) (1,156) (6,176) Net Income $1.734 $9,264 a.Calculate the following ratios for both Carson and BGT: a. Calculate the following ratios for both Carson and BGT: Carson's current ratio is ___. (Round to two decimal places.) BGT's current ratio is ___. (Round to two decimal places.) Carson's times interest earned is ___ times. (Round to two decimal places.) BGT's times interest earned is ___ times. (Round to two decimal places.) Carson's inventory turnover is ___ times. (Round to two decimal places.) BGT's inventory turnover is ___ times. (Round to two decimal places.) Carson's total asset turnover is ___. (Round to two decimal places.) BGT's total asset turnover is ___. (Round to two decimal places.) Carson's operating profit margin is ___%. (Round to one decimal place.) BGT's operating profit margin is ___%. (Round to one decimal place.) Carson's operating return on assets is ___%. (Round to one decimal place.) BGT's operating return on assets is _-_ %. (Round to one decimal place.) Carson's debt ratio is ___%. (Round to one decimal place.) BGT's debt ratio is ___ %. (Round to one decimal place.) Carson's average collection period is ___ days. (Round to one decimal place.) BGT's average collection period is ___ days. (Round to one decimal place.) Carson's fixed asset turnover is ___. (Round to two decimal places.) BGT's fixed asset turnover is ___. (Round to two decimal places.) Carson's return on equity is ___%. (Round to one decimal place.) BGT's return on equity is ___%. (Round to one decimal place.) b.Analyze the differences you observe between the two firms. Comment on what you view as weaknesses in the performance of Carson as compared to BGT that Carson's management might focus on to improve its operations.