Cash	$450
Accounts receivable	2,010
Inventories	1,000
Current assets	$3,460
Net fixed assets	4,520
Total assets	$7,980
Accounts payable	$1,090
Accrued expenses	650
Short-term notes payable	250
Current liabilities	$1,990
Long-term debt	2,000
Owners' equity	3,990
Total liabilities and owners' equity	$7,980

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J. P. Robard Mfg., Inc. Income Statement ($000)
Net sales (all credit)	$7,900
Cost of goods sold	(3,350)
Gross profit	$4,550
Operating expenses (includes $500 depreciation)	(3,080)
Net operating income	$1,470
Interest expense	(355)
Earnings before taxes	$1,115
Income taxes (40%)	(446)
Net income	$669

The balance sheet and income statement for the J. P. Robard Mfg. Company are as follows:

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. 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