(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:LOADING.... a.Calculate the following ratios for both Carson and BGT: 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 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 nothing. (Round to two decimal places.)

Balance Sheet ($000) Carson Electronics, Inc. BGT Electronics, Inc. Cash $1,990 $1,540 Accounts receivable 4,520 6,050 Inventories 1,510 2,510 Current assets $8,020 $10,100 Net fixed assets 15,960 24,970 Total assets $23,980 $35,070 Accounts payable $2,490 $4,950 Accrued expenses 1,010 1,540 Short-term notes payable 3,550 1,540 Current liabilities $7,050 $8,030 Long-term debt 7,980 4,000 Owners' equity 8,950 23,040 Total liabilities and owners' equity $23,980 $35,070