J. P. Robard Mfg., Inc. Balance Sheet (\$000) \begin{tabular}{|c|c|} \hline Cash & $550 \\ \hline Accounts receivable & 2,010 \\ \hline Inventories & 980 \\ \hline Current assets & $3,540 \\ \hline Net fixed assets & 4,600 \\ \hline Total assets & $8,140 \\ \hline Acoounts payable & $1,200 \\ \hline Accrued expenses & 630 \\ \hline Short-term noles payable & 310 \\ \hline Current liabilities & $2,140 \\ \hline Long-term debt & 1,990 \\ \hline Owners' equity & 4,010 \\ \hline Total liabilities and owners' equity & $8,140 \\ \hline \multicolumn{2}{|l|}{ (Click on the ican } \\ \hline Net sales (all credit) & $7,910 \\ \hline Cost of goods sold & (3,390) \\ \hline Gross profit & $4,520 \\ \hline Operatingexpenses(includes$500depreciation) & (3,070) \\ \hline Net operating income & $1,450 \\ \hline Interest expense & (360) \\ \hline Earnings before taxes & $1,100 \\ \hline Income taxes (35%) & (385) \\ \hline Net income & $715 \\ \hline \end{tabular} (Calculating financial ratios) The balance sheet and income statement for the J. P. Robard Mfg. Company are as follows: 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