J. P. Robard Mfg., Inc. Balance Sheet ($000) Cash $510 Accounts receivable 2,020 Inventories 910 Current assets $3,440 Net fixed assets 4,440 Total assets $7,880 Accounts payable $1,160 Accrued expenses 570 Short-term notes payable 280 Current liabilities $2,010 Long-term debt 1,960 Owners' equity 3,910 Total liabilities and owners' equity $7,880

J. P. Robard Mfg., Inc. Balance Sheet ($000) Cash $510 Accounts receivable 2,020 Inventories 910 Current assets $3,440 Net fixed assets 4,440 Total assets $7,880 Accounts payable $1,160 Accrued expenses 570 Short-term notes payable 280 Current liabilities $2,010 Long-term debt 1,960 Owners' equity 3,910 Total liabilities and owners' equity $7,880

(Calculating financial ratios) The balance sheet and income statement for the J. P. Robard Mfg. Company are as follows: 3. 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 ..... The company's current ratio is (Round to two decimal places.) (Calculating financial ratios) The balance sheet and income statement for the J. P. Robard Mfg. Company are as follows: 3. 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 ..... The company's current ratio is (Round to two decimal places.)