Homework: 2-1 MyFinanceLab Assignment Score: 0 of 4 pts 13 of 13 (10 complete) HW Score: P4-25 (similar to) i Data Table (Calculating financial ratios) The balance sheet and income statement for the J. P. Robard Mfg. Company are as follows: E. Calcul Current ratio Operating return on assets Times interest earned Debt ratio Inventory turnover Average collection period Total asset turnover Fixed asset turnover Operating profit margin Return on equity The company's current ratio is (Round to two decimal places.) J. P. Robard Mfg., Inc. Balance Sheet ($000) Cash Accounts receivable Inventories Current assets Net fixed assets Total assets $540 1,940 1,050 $3,530 4,550 $8,080 Accounts payable $1,070 Accrued expenses 600 Short-term notes payable 350 Current liabilities $2,020 Long-term debt 2,040 Owners' equity 4,020 Total liabilities and owners' equity $8,080 (Click on the icon In order to copy its contents into a spreadsheet.) Enter your answer in the answer box and then click Check Answer. Print Done 9 parts remaining Clear All