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Data table (Calculating financial ratios) Current ratio Times interest earned Inventory turnover Total asset turnover Operating profit margin Data table Cash The balance sheet and

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(Calculating financial ratios) Current ratio Times interest earned Inventory turnover Total asset turnover Operating profit margin Data table Cash The balance sheet and income statement for the J. P. Robard Mfg. Company are as follows: Operating return on assets Debt ratio Average collection period Fixed asset turnover Return on equity J. P. Robard Mfg., Inc. BalanceSheet ($000) Calculate the following ratios: Accounts receivable Inventories Current assets Net fixed assets Total assets Accounts payable Accrued expenses Short-term notes payable Current liabilities Long-term debt Owners' equity Total liabilities and owners' equity $500 1 ,930 990 $3 ,420 4 , 530 $7 ,950 $1,190 590 250 $2,030 1 ,950 3,970 $7 ,950 Click on the icon in order to copy its contents into a spreadsheet.) J. P. Robard Mfg., Inc. Income Statement ($000) Net sales (all credit) Cost of goods sold Gross profit Operating expenses (includes $500 depreciation) Net operating income Interest expense Earnings before taxes Income taxes (35%) Net income $7,910 (3,300) $4,610 (2,930) $1 ,680 (367) $1 ,313 (460) $853

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