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Hi Need help calculating the following ratios Current ratio Times interest earned Inventory turnover Total asset turnover Operating profit margin Operating return on assets Debt
Hi Need help calculating 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 |
\begin{tabular}{lr} & \multicolumn{1}{c}{\begin{tabular}{c} J. P. Robard Mfg., Inc. \\ Balance Sheet (\$000) \end{tabular}} \\ Cash & $460 \\ Accounts receivable & 2,070 \\ Inventories & 980 \\ Current assets & $3,510 \\ Net fixed assets & 4,440 \\ Total assets & $7,950 \\ & \\ Accounts payable & $1,000 \\ Accrued expenses & 560 \\ Short-term notes payable & 340 \\ Current liabilities & $1,900 \\ Long-term debt & 2,010 \\ Owners' equity & 4,040 \\ Total liabilities and owners' equity & $7,950 \end{tabular} \begin{tabular}{|c|c|} \hline \multicolumn{2}{|c|}{\begin{tabular}{l} J. P. Robard Mfg., Inc. \\ Income Statement ($000) \end{tabular}} \\ \hline Net sales (all credit) & $7,940 \\ \hline Cost of goods sold & (3,250) \\ \hline Gross profit & $4,690 \\ \hline \begin{tabular}{l} Operating expenses (includes \\ \$500 depreciation) \end{tabular} & (2,950) \\ \hline Net operating income & $1,740 \\ \hline Interest expense & (360) \\ \hline Earnings before taxes & $1,380 \\ \hline Income taxes (40%) & (552) \\ \hline Net income & $828 \\ \hline \end{tabular}
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