he balance sheet and income statement for the J. P. Robard Mfg. Company are as follows:LOADING.... 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 Question content area bottom Part 1 The company's current ratio is 1.75. (Round to two decimal places.) Part 2 The company's times interest earned is 4.57 times.(Round to two decimal places.) Part 3 The company's inventory turnover is 3.03 times.(Round to two decimal places.) Part 4 The company's total asset turnover is 0.97. (Round to two decimal places.) Part 5 The company's operating profit margin is 21.11%. (Round to one decimal place.) Part 6 The company's operating return on assets is 20.6%. (Round to one decimal place.) Part 7 The company's debt ratio is 49.2%. (Round to one decimal place.) Part 8 The company's average collection period is 88.1 days.(Round to one decimal place.) Part 9 The company's fixed asset turnover is 1.74. (Round to two decimal places.) Part 10 The company's return on equity is 20.6%. (Round to one decimal place.)

Data table Cash $500 Accounts receivable 1,910 Inventories 1,080 Current assets $3,490 Net fixed assets 4,600 Total assets $8,090 Accounts payable $1,160 Accrued expenses 560 Short-term notes payable 270 Current liabilities $1,990 Long-term debt 1,990 Owners' equity 4,110 Total liabilities and owners' equity $8,090 (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) $7,910 Cost of goods sold (3,280) Gross profit $4,630 Operating expenses (includes $500 depreciation) (2,960) Net operating income $1,670 Interest expense (365) Earnings before taxes $1,305 Income taxes (35%) (457) Net income $848 (Click on the icon in order to copy its contents into a spreadsheet.) Print Done J. P. Robard Mfg., Inc. Balance Sheet ($000)