(Financial statement analysis) 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: a. Calculate the following ratios for both Carson and BGT: Current ratio Times interest earned Inventory turnover Total asset turnover Operating profit margin Operating retum on assets Debt ratio Average collection period Fixed asset turnover Return on equity 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. a. Calculate the following ratios for both Carson and BGT: Carson's current ratio is (Round to two decimal places.) Data Table Cash Accounts receivable Inventories Current assets Net fixed assets Carson Electronics, Inc. Balance Sheet($000) $2,000 4,500 1,500 $8,000 16,000 BGT Electronics, Inc. Balance Sheet ($000) $1,500 6,000 2,500 $10,000 25,000 Total assets $24,000 $35,000 $5,000 1,000 1,500 Accounts payable $2,500 Accrued expenses Short-term notes payable 3,500 Current liabilities $7,000 Long-term debt 8,000 Owners' equity 9,000 Total liabilities and owners' equity $24,000 (Click on the icon in order to copy its contents into a spreadsheet.) 1,500 $8,000 4,000 23,000 $35,000 Carson Electronics, Inc. Income Statement ($000) Net sales (all credit) $48,000 Cost of goods sold (36,000) Gross profit $12,000 Operating expenses (8,000) Net operating income $4,000 Interest expense (1.150) Earnings before taxes $2,850 Income taxes (40%) (1.140) Net income $1.710 (Click on the icon in order to copy its contents into a spreadsheet.) BGT Electronics, Inc. Income Statement ($000) $70.000 (42,000) $28,000 (12,000) $16.000 (550) $15,450 (6,180) $9,270 Vie fer