Preview File Edit View Go Tools Window Help Sat Nov 27 12:05 AM O Screen Shot 2021-... Q G >> a Screen Shot 2021-11-26 at 11.... J. P. Robard Mfg., Inc. Balance Sheet ($ 000) Cash $500 Accounts receivable 2,060 Inventories 930 Current assets $3,490 Net fixed assets 4,600 Total assets $8,090 $7,900 (3,370) $4,530 J. P. Robard Mfg., Inc. Income Statement ($000) Net sales (all credit) Cost of goods sold Gross profit Operating expenses (includes $500 depreciation) Net operating income Interest expense Earnings before taxes Income taxes (40%) (3,100) Accounts payable $1,020 Accrued expenses 640 Short-term notes payable 260 Current liabilities $1,920 Long-term debt 2,040 Owners' equity Total liabilities and owners' equity $1,430 (356) $1,074 (430) $644 4,130 $8,090 Net income Screen Shot 2021-11-27 at 12.04.15 AM Q Search (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 The company's current ratio is (Round to two decimal places.) NOV 27 A tv